Hey traders,
AUDCAD is trading in a bearish trend on a daily.
Lower highs are respecting a major falling trend line.
Yesterday the price tested that.
To short with a confirmation,
follow a rising wedge pattern on 4H.
Its' support breakout (4H candle close below) will be a trigger for you to sell.
Initial goal will be 0.9116
In case of a bullish breakout of a trend line (daily candle close above),
bullish continuation will be expected.
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Note
Check my new analysis on USDCAD: 
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.