AUDCAD Choppy short

AUDCAD
This pair is going to get there definitely but I envisage it going to take a minimum of 2months. According to my analysis, wave a took almost 2months, and wave b is just unfolding, which might take some time too moving up and down.

Looking at the chart above, these are the possible scenarios I am seeing, and I think the scenario in orange has a higher probability of occurring. For now, AUDCAD is short but it will take a long time before the final target is reached.

I will try my best to post hourly charts and updates for entries, sl and tps within this downward movement. stay alert😉

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Yorum:

Taking a look at the 1hr TF, you will see that AUDCAD went as I predicted, taking the orange path.
Looking at the daily TF, price has shown exhaustion on the Fib 50% level, I expect the anticipated movement downward to begin