Slow start for the week. I did not find too many interesting setups at the early of the week. Anyway, who is looking at $AUDCAD? I thought we have some interesting bearish harmonic setups here. I am looking at short opportunity here. It is not too difficult to see the confluence of fib levels, Channel […]
AUDCAD
$AUDCAD 07 Dec 2010
I have been watching the chart of AUDCAD over the weekend, and I thought it provide some decent short opportunities. From price action perspective, it is trading around the defined downtrend line, and moving into the resistance area defined by previous swing points. On the other hand, we have a bearish harmonic formation at around […]
Morning spike..AUDCAD
I thought this is interesting. OK, AUDCAD is a exotic pair, and spreads are huge. But this does not seem to be a bad tick. This happened in most of brokers as well. I guess it killed a lot of bulls who are shorting CAD in this pair with the fact that oil just had […]
