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Australian Dollar/Canadian Dollar
Short

AUDCAD Short on corrective pattern formation

By Wave-Trader
Updated
I am expecting trend continuation pattern formation.
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Short term buy setup forming buy on solid breakout of descending channel or buy on retest of descending channel. Here is the update.

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Broken with solid impulse. No worry if you are not in stay calm and wait for the retest of broken channel and then buy which i have updated on my earlier update there are two buying place one was on breakout and second on retest on reversal channel. Here is the update Guys.

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Watching for short term buy setup.
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This is how continuation patterns work and if you are able to identify them before they complete their formation then you may be on the right side of the market.
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Price currently running in expanding triangle i am expecting breakdown of short term uptrend line. if price breakdown then we may have bearish wave in the expanding triangle and breakdown of this expanding triangle is also possible. snapshot
Wave-Trader
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