AUDCAD: WILL IT CONTINUE ITS DOWNWARD CHANNEL?
Since September a downward channel has formed on the 
AUDCAD 4H chart.
For several times already the RSI is working in conjunction with the trendlines.
Possible exit of the short position would be the 0.92 – 0.915 area. For a low risk, high reward trade put your stop-loss around 0.943. A much less risky trade would be to put your stop-loss around 0.958.
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AUDCAD 4H chart.For several times already the RSI is working in conjunction with the trendlines.
Possible exit of the short position would be the 0.92 – 0.915 area. For a low risk, high reward trade put your stop-loss around 0.943. A much less risky trade would be to put your stop-loss around 0.958.
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If you like this analysis, please like, subscribe and comment.
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