Short

AUDCAD Choppy short

Updated

This pair is going to get there definitely but I envisage it going to take a minimum of 2months. According to my analysis, wave a took almost 2months, and wave b is just unfolding, which might take some time too moving up and down.

Looking at the chart above, these are the possible scenarios I am seeing, and I think the scenario in orange has a higher probability of occurring. For now, AUDCAD is short but it will take a long time before the final target is reached.

I will try my best to post hourly charts and updates for entries, sl and tps within this downward movement. stay alert😉

Please feel free to share and leave comments

Note

Taking a look at the 1hr TF, you will see that AUDCAD went as I predicted, taking the orange path.
Looking at the daily TF, price has shown exhaustion on the Fib 50% level, I expect the anticipated movement downward to begin

OwlswiftFX

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.