Looking for a bearish trade on USDCAD today
AUDUSD... 1. BAD US FUNDAMENTAL DATA (NFP RESULTS) 2. STUCK IN DOWNWARDS WEDGE 3. RESISTENCE MET ON HF TRENDLINE 4. DIVERGENCE LOOKING FOR BREAKOUT AND RETEST
Trouble breaking .5 fib retracement this suggest wont break trend and keep going down for a bit
IMO, Fresh Fib retracement shows & key levels indicate a good position where to initate short. Good luck to all.