11021992
Short

AUDCAD: Short after the breakout

FX:AUDCAD   Australian Dollar/Canadian Dollar
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13
Hi traders,

On the AUDCAD 4H timeframe we were just a few pips away from a completion of a perfect AB=CD pattern. It looks like price could use a reaction and the point D seems like a great idea for that.
I'm waiting for a breakout of the trendline and enter from there, to confirm the switch in momentum.

Cheers!

Comments

You expecting further retracement from here do you think?
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breakage
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11021992 GazPonty
@MufcNo31, Yep. May see a retest back to the trendline now and move further down from there.
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