AUDCAD - Short

This pair is reaching the bottom of a weekly bear flag. Currently, price has been correcting in a smaller trend continuation pattern. Therefore, long term, I am bearish on this pair and will be trading the various moves until price breaks the weekly pattern.

We would most likely get a bounce (green arrow) before a break, wait and see.

Good luck & green trades!

Disclaimer: This is not financial advice, trade your own plan.

Kommentera:

This flag looks a bit skinny, on my trading platform it looks spot on, with price rejecting the resistance at the top of the flag. trade is still valid.