AUDCAD short for 220 pips
Hello traders,
As we have witnessed a sizable pushup on this pair in recent week and the pair is consolidating at a major level and a flag pattern is appearing. This pair recently has broken the trendline as well. Even if it want to push higher up it needs to retest the trend line at a support level to gain more strength. On the daily timeframe there is every opportunity for this pair to push down and touch the trend line before deciding its fate.
I have therefore marked the entry position, sl and tp as well.
Let me know your toughts.
Trade safe and good luck.
As we have witnessed a sizable pushup on this pair in recent week and the pair is consolidating at a major level and a flag pattern is appearing. This pair recently has broken the trendline as well. Even if it want to push higher up it needs to retest the trend line at a support level to gain more strength. On the daily timeframe there is every opportunity for this pair to push down and touch the trend line before deciding its fate.
I have therefore marked the entry position, sl and tp as well.
Let me know your toughts.
Trade safe and good luck.
Trade closed: stop reached
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.
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.