AUDCAD sell position + trade idea
Updated
In this analysis we have market structure indicating a reversal or retracement on a higher time frame, we also have BEARISH RSI DIVERGENCE price also broke Under the 50 ema and we also have an Imbalance on the weekly Timeframe which will act like a magnet and pull price to fill the liquidity it also looks as if we are over due for a retracement on a weekly time frame after that major push to the upside.
here is the Trade idea that i sent to the members of my academy.
Entry @ .93035
SL @ .93536 (50 pips)
TP1 @ .92000 (105 pips)
TP2 @ .90900 (215 pips)
TP3 ( long term target ) (540 pips)
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Always remember to move your trade to break even when in profits, its better to be a break even trader than a losing trader.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
here is the Trade idea that i sent to the members of my academy.
Entry @ .93035
SL @ .93536 (50 pips)
TP1 @ .92000 (105 pips)
TP2 @ .90900 (215 pips)
TP3 ( long term target ) (540 pips)
Please remember to Like Comment & Follow my Tradingview if you agree to my Analysis!
-----------------------------------------------------------------------------------------------------------------------------------
Always remember to move your trade to break even when in profits, its better to be a break even trader than a losing trader.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions
Comment
SL hit -50 pips, re entered on rejection to the upside.
Trade at your own risk, Consistently violate the charts !
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limitlesstradeacademy.com
Instagram @limitless_al
limitlesstradeacademy.com
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