MagnaCarta1215
Short

AUD/CAD 4H potential bear flag break

FX:AUDCAD   Australian Dollar/Canadian Dollar
316 views
2
After a significant move down in AUD/CAD we had some consolidation upward. The break of the this small upward channel could see a move down the length of the previous move down. If fundamentals continue to signal a Chinese slowdown Aussie could experience continued weakness and with QE3 rumors hampering USD, CAD could be a good substitute for shorting AUD. Target 1.0150 with a stop loss back in the small upward channel at 1.0400.

Comments

perfect
Reply
Agreed.
Reply
Well done!
Reply
Followed.
Reply
Hi...Do you think the target is still 1.0150? Will you be posting a new chart on the AUD/CAD...would like to see it.
Reply
The red trend line is supposed to intersect the black flag line where the red box is, but the trend line was pushed up when it was published unfortunately.
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out