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mngFX

AUDCAD 4H, Overall Bearish Trend

Short
Dollaro australiano/Dollaro canadese (OANDA:AUDCAD)  
mngFX  
OANDA:AUDCAD   Dollaro australiano/Dollaro canadese
Trend Analysis Chart Patterns Double Top or Bottom impulse correction continuation AUDCAD trend-analysis
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trendanalysis chartpattern doubletoporbottom impulse correction continuation audcad trend-analysis
AUDCAD has been in a downtrend as we can see price impulsively pushed downward which is now in a bearish correctional phase making lower highs but holding the 0.92 level firmly.

Looking at areas of interest, I would like to see price break upwards and complete a larger correction as we add other bearish confluences like a double top and a 3rd touch on primary trend line.

snapshot

Price may continue to follow the secondary trend and continue to make another lower high and break below the 0.92 level to continue downwards.

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mngFX
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