Começar
freddyM-E

AUDCAD Possible double top and BAT pattern formation on the Dail

Viés de baixa
Dólar Australiano/Dólar Canadense (FX:AUDCAD)  
freddyM-E  
FX:AUDCAD   Dólar Australiano/Dólar Canadense
AUDCAD audcadshort audcaddaily
4
0
audcad audcadshort audcaddaily
snapshot

I entered short here, as I think the market has formed a double top it's an aggressive entry for some as many would wait for a break of the neck (base) line, but looking left I can see that the market has respected this level many times in past price actions.
We also have a strong RSI divergence.
ALso if the market wat to drop to the 0.96961 we'd have a BAT formation, but this is in the cloud right for now, right now I'm short with a target just above the 0.382 retracement. The market could experience strong support in the zone circled in blue, or could also carry on a trend continuation, but I do think double top. Let's see.
Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.