AUDCAD: Sell setup

On 240 min AUDCAD made only a spike outside of trend line and tested 200 EMA.
1.Price tested previous structure
2.Trend line resistance
3. Price tested 200 EMA as dynamic resistance.
4. We don't have divergences yes
5. On 60 min time frame price closed below 200 EMA and tested it.
So all of this are good indications for going short again.
This is only my view on this pair.
Good luck.

Kommentera:

Kommentera:

15 min bearish BAT pattern. Confirmation for going short with small risk involved.