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AUDCAD Look for this sell breakout
Australian Dollar/Canadian Dollar
Short
AUDCAD Look for this sell breakout
By jojofang0901
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Updated
Jul 18, 2020
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Jul 18, 2020
Hello everyone:
AUDCAD is showing some nice price action structures that can lead to some short term downside move.
We saw the price action had a potential continuation correction after a strong bull move.
However, price did not impulsively move up, rather it formed another corrective structure moving up gradually.
The last bit of price action formed an ascending channel structure, and within that a another smaller channel in the making.
I would like to see a breakout from the smaller channel, and impulsively move out of the bigger structure to confirm the downside.
thank you
Jul 18, 2020
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Jul 21, 2020
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patterns
Pennant
priceaction
structure
Wedge
jojofang0901
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