AUDCAD Setting Up for Reversal of Multi-Month Trend
Here's one I've been watching for a while now. Description on the charts below:
https://www.tradingview.com/chart/AUDCAD/JlscemVZ-AUDUSD-Short/
Note: The safer play here would be to give this one another few days as we have a slew of upcoming event risk (see below calendar). I'm slowly easing into this one. I do have a very small short position on, but wont be surprised I get stopped out in the upcoming volatility. I'll add to my short as the picture becomes more clear.
Cheers. And as always, would love to hear any other opinions/analysis/critiques/criticisms.
Sorry for the distortion/shrinkage on the images. :(
I'll do a better job at formatting in the future. Please open images in new tab if you have trouble reading, or follow the tradingview link if you'd like to modify the chart.
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