Sneha_Tr

AUD/CAD: Weekly Timeframe (Strong Sell)

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
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1
AUD/CAD looks like a strong sell as there is a clear indication of breakout pullback in 4 hourly timeframe and is also coinciding with the 200 Exponential Moving Average along with 61.8% fibonacci level. Hence, forming a strong confluence area where the market is clearly indicating a strong sell as and when there is a bearish candlestick confirmation at the resistance.
Comment: Forgot to add fibonacci tool which is also acting as a strong resistance

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