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mastercoria

AUDCAD: Still much supply (Bearish Channel Continuation)...

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
mastercoria  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Elliott Wave Pivot Points AUDCAD Descending Channel
3
0
trendanalysis elliottwaves pivotpoints audcad descendingchannel
AUDCAD seems to continue the bearish channel that started a couple of days ago: it is about to complete a good Bearish Elliot Wave Pattern. Day has just opened below New Daily pivot Point (clear SELL signal).
Take Profits calculated via Genaral Pivot Point Formula (S1, S2, and S3).

Any comments are welcome.
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