Hi fellows, Price is just heading to the downside. If trend continuation pattern appears then look for sell setup. I am expecting trend continuation pattern on lower time frame if i will see that i will update this pair.
I was expecting trend continuation pattern on this pair after this sharp fall so far so it is forming as with the exceptions and rising with corrective wave to the upside. I am expecting breakdown this corrective wave to the downside. In case price do not fall and change the pattern formation then i will update that.
I wonder how much we can analyse the AudCad right now... it went up like crazy post elections out of fear but then the market saw trump as a good thing for the economy, after that it was pushed further down after the sudden OPEC decision to cut down the production. Yet the Canadian economy isn't super fit compared to the Australian one and trump is likely to do some scary stuff that's going to scare the investors again.