AUDCAD SELL BASED ON OPEC DECISION, OIL PRICE AND CORONA FEAR
Updated
FUNDAMENTALLY :
AUD IS GETTING HAMMERED BECAUSE OF CORONA FEAR. THOUGH EVERYONE IS PRAYING FOR CORONA PENDAMIC TO END, REALITY IS DIFFERENT. WE CAN SEE ANOTHER SELL OFF OF RISKY ASSETS LIKE AUD, NZD, AND CAD. ID THAT HAPPENS, AUDCAD MAY FALL LIKE DRY LEAVES.
TECHNICALLY :
ANY BEARISH CANDLE CANDLE FROM 0.8680 LEVEL WOULD INDICATE THE DOUBLE TOP RESISTANCE IS IN PLAY IN BETWEEN A UPTREND CHANNEL. THAY MAY LEAD THE AUD CAD TO BREAL THE CHANNEL AND FALL TO 0.8136 LEVEL.
I try to post and update my trade ideas every week. Follow me, if you like my analysis.
I use both fundamental and technical analysis to generate trade ideas. I don't feel comfortable placing orders based on just some random indicators. I look for strong fundamental reasons and these indicators help me to achieve a great risk to reward ratio.
May we all gain some Pips. Happy trading...
I also manage investor's funds and give forex signals. Feel free to contact me if you are interested.
Feel free to contact me for any forex related issue
CONTACT INFO:
Email: mr908fardungmail.com
Telegram and what's app: +8801610226090
MYFXBOOK: FARDUN908
AUD IS GETTING HAMMERED BECAUSE OF CORONA FEAR. THOUGH EVERYONE IS PRAYING FOR CORONA PENDAMIC TO END, REALITY IS DIFFERENT. WE CAN SEE ANOTHER SELL OFF OF RISKY ASSETS LIKE AUD, NZD, AND CAD. ID THAT HAPPENS, AUDCAD MAY FALL LIKE DRY LEAVES.
TECHNICALLY :
ANY BEARISH CANDLE CANDLE FROM 0.8680 LEVEL WOULD INDICATE THE DOUBLE TOP RESISTANCE IS IN PLAY IN BETWEEN A UPTREND CHANNEL. THAY MAY LEAD THE AUD CAD TO BREAL THE CHANNEL AND FALL TO 0.8136 LEVEL.
I try to post and update my trade ideas every week. Follow me, if you like my analysis.
I use both fundamental and technical analysis to generate trade ideas. I don't feel comfortable placing orders based on just some random indicators. I look for strong fundamental reasons and these indicators help me to achieve a great risk to reward ratio.
May we all gain some Pips. Happy trading...
I also manage investor's funds and give forex signals. Feel free to contact me if you are interested.
Feel free to contact me for any forex related issue
CONTACT INFO:
Email: mr908fardungmail.com
Telegram and what's app: +8801610226090
MYFXBOOK: FARDUN908
Order cancelled
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.