Thursday, November 29, 2012

AUDCAD Short Trade Setup AUDCAD Triangle Trade
Price is backing off the upper trendline and is moving towards mid of the channel. Looks like upper trendline is proving tough to break. 

200EMA comes just near to lower trendline while 100EMA is just in middle of the triangle. 200EMA has been more significant than 100EMA for this pair. 

I missed out this trade but will consider any bounce as fresh short opportunity. 

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