AUDCAD short with possible CAD momentum
There several factors of confluence to support this trade:
- Rejection of .618 retrace from the April highs
- Rejection of 50 EMA
- with the dominant bear trend
- 2 doji candles
- triple top on the 1h
With Canadian employment data coming out tomorrow this pair could get a boost to go short. So far all my ideas posted here have been correct. I hope this one works out as well. Happy trading everyone!
- Rejection of .618 retrace from the April highs
- Rejection of 50 EMA
- with the dominant bear trend
- 2 doji candles
- triple top on the 1h
With Canadian employment data coming out tomorrow this pair could get a boost to go short. So far all my ideas posted here have been correct. I hope this one works out as well. Happy trading everyone!