AUDCAD Is Going To Finally Choose Direction [QUICKUPDATES]

Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.

Here on AUDCAD we are seeing two bearish signals:
1) The price just hit a horizontal resistance area
2) We see a bearish RSI Divergence

Bullish Scenario - If AUDCAD manages to break through the resistance, there could be a large spike up. It will finally release all the bulls out of their cage and the price broke through the ceiling. This can lead to rapid price improvement.
Bearish Secnario - This scenario is the most likely as there are many bearish signals at the moment. The price will temporarily stay high, fail to break through the resistance and the bears will pull the price down to more sustainable levels.


--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.

Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.

- Trading Guru

--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!


Recent success stories: