OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Here we have a double top formed on a 4 hour keeping inside a strong bearish rectangle . Level 0.98654 has not been broken and respected perfectly creating this formation, also strong convergence with the RSI and Stoch . If the 50% Fib level is broken at 0.98048 I will be looking at shorting this to around 0.97205 support level . It is also visible that it is being squeezed slowly into a descending triangle so I will also be watching to see if this breaks to the upside if the squeeze continues. I would say this is a short term trade to that 0.97205 level for some nice pips and then re-evaluate for a possible long. AUD unemployment rate is due so very wary of that, but at the moment looking good!

All feedback is much appreciated!

Feedback good or bad is always welcome!

Trade Safe,

EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out