AUDCAD SHORT
Had broken previous levels of resistance set all the way from Nov. 13. We saw the retest yesterday and we will continue to look at this pair bearish. Friday Dec. 4 price closed past the Kaufman and Kijen baselines with an engulfing bearish candle.
RVI values also seem to be in completion of a head and shoulders formation biased to the downside, being that now the indicator shows values below the zero line in a downtrend.
RVI values also seem to be in completion of a head and shoulders formation biased to the downside, being that now the indicator shows values below the zero line in a downtrend.
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