Audcad is looking to continue its down trend from start of April 2017.
Its looks like its finishing its lower high formation on the weekly with a 61.8% retracement,
It also has done a 3rd leg touch on my daily trend line with a strong bearish pin bar rejection, i'm looking for it to come down to my weekly support (0.98318)
Lots of confluence on this pair lets see this play out.
Its looks like its finishing its lower high formation on the weekly with a 61.8% retracement,
It also has done a 3rd leg touch on my daily trend line with a strong bearish pin bar rejection, i'm looking for it to come down to my weekly support (0.98318)
Lots of confluence on this pair lets see this play out.
Trade active
Got stop out of Aud/Cad however did take a re enter where my stop loss due to the fact fundamentals weakened the aussie, I'm in profit now and have move my stop loss to 10 pips below my entry make this a risk free trade will be riding this out to my weekly support of 0.98321.Trade closed: stop reached
hit my stop profit at the level of 0.99476 hope you guys took some profit from that trade
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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.