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FXEntries

AUD/CAD Sell Setup Active - Trendline Break / MA Crossover 1HR

Short
Dollaro australiano/Dollaro canadese (FX:AUDCAD)  
FXEntries  
FX:AUDCAD   Dollaro australiano/Dollaro canadese
Trend Analysis Chart Patterns Wave Analysis AUDCAD audcadshort audcadsetup audcadanalysis forexsignal forexsetup forexanalysis forextrade Forex
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trendanalysis chartpattern waveanalysis audcad audcadshort audcadsetup audcadanalysis forexsignal forexsetup forexanalysis forextrade forex
I am in a beautiful sell position on AUD/CAD.

As we can see from the chart a quite significant trendline has been broken in conjunction with the MA 50 / 20 crossing over nicely on the 1HR timeframe.

Also if you go to the daily timeframe the previous candle low has been traded through confirming potential downside.

I will be targeting the asia low that I have mapped out which would be a 2% Risk to Reward trade.

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