AUDCAD BEARISH CONTINUATUON SETUP
Hi Traders,
The AUDCAD has broken out of the major bullish corrective structure Counter Trend Line (CTL) after it retested the H&S neckline that lined up with 50.0 Fib ratio, descending trend line and moving averages.
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Considering that the price has also broken the CTL of minor consolidation correction which retested the major Counter Trend Line aggressively.
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We are ready to short this pair for a potential 1:2.2 risk reward!
.
Best Trading,
Veejahbee.
The AUDCAD has broken out of the major bullish corrective structure Counter Trend Line (CTL) after it retested the H&S neckline that lined up with 50.0 Fib ratio, descending trend line and moving averages.
.
Considering that the price has also broken the CTL of minor consolidation correction which retested the major Counter Trend Line aggressively.
.
We are ready to short this pair for a potential 1:2.2 risk reward!
.
Best Trading,
Veejahbee.
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