Time To Short AUD/CAD
Why?
It's explained above.
To back up my points, AUD/CAD has been in a downtrend on the monthly chart for a while now, and the last few months have seen a lot of bullish momentum, more than anything this is a lower high that will form on the monthly and it will be the start of the continuation of the original downtrend of this pair. There is a strong resistance at the current level meaning that more than anything this is going down. As well as this there is now also a evening star forming on the Daily chart, there are multiple confluences suggesting that this pair will fall, its just a matter of time. Watch this space.
Leave a appreciation or comment letting me know your thoughts! Thanks Guys! :)
It's explained above.
To back up my points, AUD/CAD has been in a downtrend on the monthly chart for a while now, and the last few months have seen a lot of bullish momentum, more than anything this is a lower high that will form on the monthly and it will be the start of the continuation of the original downtrend of this pair. There is a strong resistance at the current level meaning that more than anything this is going down. As well as this there is now also a evening star forming on the Daily chart, there are multiple confluences suggesting that this pair will fall, its just a matter of time. Watch this space.
Leave a appreciation or comment letting me know your thoughts! Thanks Guys! :)
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.