justagirllearningtotrade

AUDCAD OVERALL BULLISH BUT IN A DOWN RETRACEMENT

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
Waiting for a low price to form with a pull back to enter a short position.

Price last week broke the outer up trendline.

Looking to short the King's Crown pattern.

Once price reaches my TP 2, I will wait to ensure price respects that level and look for price to start heading back up to the 1.618 D extension @ 1.02417.

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