• Vasily Trader

AUDCAD: How to Short With Confirmation?

Hey traders,

AUDCAD is trading in a bearish trend on a daily.

Lower highs are respecting a major falling trend line .

Yesterday the price tested that.

To short with a confirmation,

follow a rising wedge pattern on 4H.

Its' support breakout (4H candle close below) will be a trigger for you to sell.

Initial goal will be 0.9116

In case of a bullish breakout of a trend line (daily candle close above),

bullish continuation will be expected.