MM's Daily Technical Analysis -- SHORT AUDCAD
Hi traders,
Last week Friday AUDCAD broke through 0.9110 resistance level and has shown a clear A-B-C pattern which indicates a potential downward movement in the near future.
It is highly likely that we can witness some bounce back in today and the coming few days but mid-term wise speaking we still expect expect AUDCAD to fall to levels like 0.90 / 0.89.
My own trading system CLAM has also given a short signal thus a trading idea has now been established to go short on AUDCAD.
OP: 0.91275 SL: 0.92025 TP:0.89200, trade is now alive.
-----------------------------------------------
l share my trading ideas on FX/METALS/STOCKS on a daily basis and if you enjoy the idea or have anything about trading you would like to discuss, please like/follow/leave a comment, many thanks.
Last week Friday AUDCAD broke through 0.9110 resistance level and has shown a clear A-B-C pattern which indicates a potential downward movement in the near future.
It is highly likely that we can witness some bounce back in today and the coming few days but mid-term wise speaking we still expect expect AUDCAD to fall to levels like 0.90 / 0.89.
My own trading system CLAM has also given a short signal thus a trading idea has now been established to go short on AUDCAD.
OP: 0.91275 SL: 0.92025 TP:0.89200, trade is now alive.
-----------------------------------------------
l share my trading ideas on FX/METALS/STOCKS on a daily basis and if you enjoy the idea or have anything about trading you would like to discuss, please like/follow/leave a comment, many thanks.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.