audcad sell - just for analysis

Hello everyone, not looking to trade this pair for two reasons. First of all i hate trading cad pairs even though here we might he an amazing setup. Secondly i already have some aud pairs open and dont like to over expose my account too much. However, saying that lets look at this setup. On a daily timeframe you can see that the price has formed an ABC flat correction and then next impulse has to do go down. Secondly we have an impulse in the form of a leading diagonal and the correction in the form of a bearish triangle{ As long a it doesnt make a new high}. Thirdly we have a bearish harmonic pattern present indicating shorts. Last but not the least, all our indicators are suggesting shorts on this pair. The only way i will consider entering this pair is when the price breaks the lower trendline of the bearish triangle

Commento:

Commento:

Might be a chance to get involved now guys but be careful since news is about to come out. Its not that i care about the news since i trade structure however, trading around news is not for everyone and can be tricky. Cbeers

Commento:

Trade chiuso: obiettivo raggiunto