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11021992

AUDCAD: Short after the breakout

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
11021992  
FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD AB=CD short
13
3
audcad abcdpattern short
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!

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