concept0007

hug that bear

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FX:AUDCAD   澳元/加元
4
This to me is a good down trend and you can grab a quick buck from it. Well my target is 0.95252 thats were i am expecting it to reach. If you take a look at the weekly you can clearly see the breakout that happened on the 200 day moving average to confirm the sell, and the trend has been going down strongly for weeks which gives a clear direction of the movement. on the 4hr time frame there was a sharp movement downwards that happened showing who has control plus the 50sma is below the 200day moving average which also confirms who has the most strength.
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