AUDCAD Potential Bearish Movement - setup forming

2020年4月22日

AUDCAD Potential Bearish Movement - setup forming

we are waiting for a new swing low / blue dot to form around our lower blue trendline

and then sell after a momentum candle close below 0.89000

Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Wedge pattern forming (in blue)
3- Resistance / Supply zone from Daily


Three confluences are enough to consider Selling AUDCAD, after a break below 0.89000 (in gray)