AUDCAD SELL SWING to the .8950 area

AUDCAD is testing the .9200 area and has rejected it to this point this morning on the 2hr chart there is consolidation around the .9200 - .9160 area if it hold below area I would look to SELL down to the projected Fibonacci D at .8950, Stop should be places above the .9200 area around .9260. Be aware that the .91150 is a monthly pivot area and it has rejected that area twice before but if it moves past that level there is no more support to the .8950 area.

If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for?

Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.

Transaction en cours:

Place in a 2nd trade on to the 1st initial trade this morning

Commentaire:

3rd sell management move stop to break even of 1st trade or closer to swing high on 2hr