SM_001

AUDCAD - Structure Trade

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
A number of possibilities on this trade. Price action closed just below the support of the flag with RSI not oversold. If price continues down to previous low there may be a possibility to go short on the pullback. That would also trigger a double-bottom which could create opportunities to go LONG!
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.