AUDCAD Short, waiting retest and pull back.

19 thg 5, 2020

The market is in an overall bearish trend on the daily. As you drill down this is a breakout from that trend reversing to bullish for quite some time now. On the 15 Min the Harmonic pitchfork tells us that we are not quite at the major point of Fibonacci resistance. Expecting lower high for left shoulder to reach peak soon. Awaiting the 4/50 cross on the hour... Did price break below the neckline? Then we setup for sell.

I'm a novice investor gaining new knowledge daily. What's your thoughts?