AUDCAD - Short????
Hello Traders,
Looking at where we left off at the end of the month and the trading week! Here we have witnessed a long last week, before this weeks certain downfall!
But how far? Looking. at previous levels of support are. options are limited but the profits appear to be endless! Could we see the price plummet down to levels as low as 0.833?
I'm going to be watching this pair closely this week and updating this when necessary!
A good idea for a short when markets open is shown here, but as always go for quality over quantity.
The market is never sure upon opening and the weekend antics need to settle!
However, from a technical side. of view, we see a rising wedge on the daily chart, which gives an indication of a bearish movement!
Follow me for updates during the week and join the discussions on Telegram with "Quickpips Free Chatgroup" - I'll put the link on my status! :)
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
Looking at where we left off at the end of the month and the trading week! Here we have witnessed a long last week, before this weeks certain downfall!
But how far? Looking. at previous levels of support are. options are limited but the profits appear to be endless! Could we see the price plummet down to levels as low as 0.833?
I'm going to be watching this pair closely this week and updating this when necessary!
A good idea for a short when markets open is shown here, but as always go for quality over quantity.
The market is never sure upon opening and the weekend antics need to settle!
However, from a technical side. of view, we see a rising wedge on the daily chart, which gives an indication of a bearish movement!
Follow me for updates during the week and join the discussions on Telegram with "Quickpips Free Chatgroup" - I'll put the link on my status! :)
Happy trading
Roo :)
Please remember I am a hobby trader, this is not financial advice and any losses or gains are your own!
Be sure to like and comment on the chart and follow me on trading view.
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