AUDCAD
Updated
The overall trend of this pair is down. My bias would be to short this pair. Currently it is retracing and once price gives me these confluences, I will sell right down to the next Psychological level.
CONFLUENCES:
1) BREAK OF STRUCTURE
2)BREAK & RETEST OF THE TRENDLINE OR PYSCHOLOGICAL LEVEL
3) CANDLESTICK PATTERN
4) EMA CROSS
The green line shows the direction I believe price will move.
My Take Profit is 0.93000 because it is the next psychological level
CONFLUENCES:
1) BREAK OF STRUCTURE
2)BREAK & RETEST OF THE TRENDLINE OR PYSCHOLOGICAL LEVEL
3) CANDLESTICK PATTERN
4) EMA CROSS
The green line shows the direction I believe price will move.
My Take Profit is 0.93000 because it is the next psychological level
Trade active
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.