Sell Opportunities on AUDCAD
It looks like most of the Aussie pairs took a bearish dive last night. As for AudCad, this is good news considering this aids our overall bearish bias that I called in the beginning of the week. If we look on the daily timeframe, price is beginning to break the significant long-term support level. This could be identifying strong bearish movement for the future.
With this being said, I'll be awaiting price to make a strong decisive push towards the downside to prove that the bears are in control before looking for a retest and capitalizing on this bearish movement.
With this being said, I'll be awaiting price to make a strong decisive push towards the downside to prove that the bears are in control before looking for a retest and capitalizing on this bearish movement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.