AUDCAD SELL SETUP

Sep 17, 2016

This is AUDCAD 2-hour chart where we can see the impulse down, now this pair is in correction and we're looking to catch the next impulse down.Traders who are more conservative with their trading should wait for the breakout since its a safer entry, because we dont know for how long this can consolidate before it goes down.For traders who are looking to get this trade earlier, there is a sell setup on lower timeframe and I'll get into that if I can and I'll put it in breakeven and wait to see if it breaks, which would give a great risk-to-reward trade, or it takes me out at breakeven and makes more correction moves before the next impulse.Trade your plan