AUDCAD: How to Short With Confirmation? 🇦🇺🇨🇦
Updated
Hey traders,
AUDCAD is trading in a bearish trend on a daily.
Lower highs are respecting a major falling trend line.
Yesterday the price tested that.
To short with a confirmation,
follow a rising wedge pattern on 4H.
Its' support breakout (4H candle close below) will be a trigger for you to sell.
Initial goal will be 0.9116
In case of a bullish breakout of a trend line (daily candle close above),
bullish continuation will be expected.
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Note
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