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AUDCAD Still eyeing the sell opportunities
Australian Dollar/Canadian Dollar
Short
AUDCAD Still eyeing the sell opportunities
By jojofang0901
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Updated
Aug 1, 2020
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Cheer
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Aug 1, 2020
Hi traders:
I am still keeping a close look on AUDCAD for the sell potential.
Previous analysis was able to bring the price lower, but not breaking out of this larger structure overall.
Price instead continue to move up, and we see a recent double tops, then a sharp drop from the price.
To confirm the down move potential, I would be looking for continuation correction to developed either within the channel, or a breakout follow by it.
Tank you
Aug 1, 2020
Comment
Aug 3, 2020
Comment
Correction complete within the channel, price broke out now. Look for more opportunities to get in the sell.
Flag
Parallel Channel
Pennant
priceaction
structure
jojofang0901
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