AUD/CAD SHORT IDEA
Mensal + week
-It seems to be finalizing a BULL retracement wave
Daily
- You can see this same retraction wave (monthly + weekly), touching 4 times the trendline support.
- Finally at 5 touch broke that same line, and also the moving average of 50
- It is possible to observe the breakage of the horizontal resistance zone, marked through the upper zone of the blue rectangle, at the price 0.97139 (doing some extra bouncing now)
-For more entry security, you can wait for the support observed in the lower area of the Blue Rectangle to break, and go short after that.
-It seems to be finalizing a BULL retracement wave
Daily
- You can see this same retraction wave (monthly + weekly), touching 4 times the trendline support.
- Finally at 5 touch broke that same line, and also the moving average of 50
- It is possible to observe the breakage of the horizontal resistance zone, marked through the upper zone of the blue rectangle, at the price 0.97139 (doing some extra bouncing now)
-For more entry security, you can wait for the support observed in the lower area of the Blue Rectangle to break, and go short after that.
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