Hi.
A wave in AUDCAD pair has been formed before in a lower timeframe, so that the next wave following in a bigger timeframe is D1.
When correlated it will form a suitable wave. Lower timeframe movements will push prices higher as a form of correction, while larger timeframes will be complete and ready to continue the bearish trend.
The proper way of trading is to do a sell limit at the Fibonacci level 0.618 without rushing into the actual bearish trend.
pm me for sell limit position.
Note:
1. This is not a suggestion to take financial action
2. VolumeWaveFx is not a licensed financial advisor.
A wave in AUDCAD pair has been formed before in a lower timeframe, so that the next wave following in a bigger timeframe is D1.
When correlated it will form a suitable wave. Lower timeframe movements will push prices higher as a form of correction, while larger timeframes will be complete and ready to continue the bearish trend.
The proper way of trading is to do a sell limit at the Fibonacci level 0.618 without rushing into the actual bearish trend.
pm me for sell limit position.
Note:
1. This is not a suggestion to take financial action
2. VolumeWaveFx is not a licensed financial advisor.