L__Chaim

AUDCAD is losing ground

Short
L__Chaim Updated   
SAXO:AUDCAD   Australian Dollar/Canadian Dollar
This pair has been in consolidation for quite sometimes. (See the box). The price has now close below the box and was even rejected from it's lower side.
Comment:
Price got back into the box. Today's close is crucial. Still watching this pair.
Order cancelled:
Contrary to original trade idea the pair was rejected to the box again and has moved strongly even above it. the short trade is not valid anymore (Which was never triggered).
Now I am watching the PA for a move back to the box on the upper side and look for longs.

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.