AUDCAD FOCUS - is Bearish/Sell!Here is your AUDCAD Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the CAD stands at “7”, and the AUD stands at “1”, meaning that the CAD is stronger than the AUD, thus only looking for Bearish/Sell opportunities on this pair. NB: These reading fluctuate from time to time.
Our 1st Sell Liimit is placed at 0.9340 (with a 1% risk position size)
Our 2nd Sell Liimit is placed at 0.9310 (with a 1% risk position size), totaling a 2% risk, should both positions get filed.
Our final Take profit is placed at 0.9256
Our Stop Loss is placed at 0.9361
This is a 80 PIPS trade - Risk Reward 1:3.8
Chart Timeframe; H4
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