In 1H Time frame AUDCAD is trending within a range and currently is facing top of the range
With multiple touch of 70 level of RSI and resisting at this level, As well as losing momentum, Price is consolidating within a 5M range and expected to broke the uptrend line
I belive it's a good opportunity to go short after breaking the trand line
GOOD LUCK TRADERS
With multiple touch of 70 level of RSI and resisting at this level, As well as losing momentum, Price is consolidating within a 5M range and expected to broke the uptrend line
I belive it's a good opportunity to go short after breaking the trand line
GOOD LUCK TRADERS
Note
First target reachedTrade closed: target reached
Second target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.