Still looking Short on AUDCAD - Break down coming soon
Audcad is still trading within this channel it formed.
Price needs to break and cloe below .905 to provide a valid entry for me.
From that point I would be looking for retracement pull back opportunities to short this thing down 200 points
Adversely this thing can keep trading within the channel for a few more days/weeks. We will need to see how price moves so we can respond accordingly.
We are not interested in any long positions on this pair. Only if it breaks out levels will we be looking to take some shorts.
Price needs to break and cloe below .905 to provide a valid entry for me.
From that point I would be looking for retracement pull back opportunities to short this thing down 200 points
Adversely this thing can keep trading within the channel for a few more days/weeks. We will need to see how price moves so we can respond accordingly.
We are not interested in any long positions on this pair. Only if it breaks out levels will we be looking to take some shorts.
Comment:
still no trade on audcad