Audcad Correction Before Impulsive move to the down side
DESCRIPTION The counter AUDCAD forms a descending channel . The counter's prices is moving between the top and bottom line of the channel from 05th February. The formation of the descending channel indicates the counter is in a bearish mode. The price is accumulating near the top line of the channel for the past 24hrs. Since the price didn't break the top-line,...
AUDCAD is maintaining a steep downwards trend, and expected to sell towards the support zone 0.91938
AUDCAD / H4 / Technical Chart show short direction Price move inside of the Triangle. if it will break out the upper line of Triangle, D point will break, it will go to Resistance zone. Have another analysis at this pair, please share in comments, we will be glad to discuss.
AUDCAD is in a trading triangle which is unable to break the higher end of triangle since past few days. opening a SHORT opportunity in AUDCAD. SELL AUDCAD @ 0.99572 with SL@0.99862 and T1@0.99246, T2@0.98964 This is a RISK Trade and should only be taken after consulting your financial advisor.