AUDCAD Potential Bearish Movement

131
AUDCAD Potential Bearish Movement

we are waiting for a momentum candle close below 0.890 to sell this one

Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Wedge Pattern (in blue)
3- Resistance / Round number in purple 0.910

Three confluences are enough to consider Selling AUDCAD, after a break below 0.890 (in gray)

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.