Wave-Trader

AUDCAD Short on corrective pattern formation

Short
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FX:AUDCAD   Australischer Dollar/Kanadischer Dollar
58
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.

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