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Pisces_Investments

AudCad Short Pathway Idea

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Dolar Australia/Dolar Kanada (OANDA:AUDCAD)  
Pisces_Investments  
OANDA:AUDCAD   Dolar Australia/Dolar Kanada
Supply and Demand Fibonacci Moving Averages
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supplyanddemand fibonacci movingaverage
Price is pulling back following a break through strong support levels of the 200 EMA and VWAP. As price pulls back, I am looking for a rejection at the resistance level for a short opportunity. AudCad is bearish in an overall downtrend. Price is has also broken Golden Ratio which supports my bearish direction. RSI is showing lower momentum. Good risk/reward ratio if this plays out.






NOTE: This is not trading advice; trade at your own risk....
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