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VladimirRibakov

AUDCAD Sell Idea

Short
Australian Dollar/Canadian Dollar (FOREXCOM:AUDCAD)  
VladimirRibakov Updated   
FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis AUDCAD SELL doublecycle bearishdivergence falsebreaks pullback
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trendanalysis audcad sell doublecycle bearishdivergence falsebreaks pullback
H4 - Double cycle, price is at 61.8 fibo level. Bearish divergence has formed.

M30 - Two false breaks.

Aggressive Approach - Go ahead and sell now.

Conservative Approach - Wait for a small pullback and then sell.
Comment:
Note: Our final target for this trade would be 0.978362
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