UnknownUnicorn101425

AUDCAD Potential bearish Cypher pattern setup

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
Here we got the audcad that have been in a consolidation state for a while, but here on the 60min we got a mini uptrend that broke and we broke below closed below previous structure low, so its a potential new downtrend we will try to catch with this pattern on a retracement! Look out for the RSI to come into the over sold area.

Comments good and bad are very welcome

Kind regards
Thomas Jeff
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.