We are now officially in a bearish market.
When this happens, currencies such as AUD, NZD, CAD will fall. USD, CHF and YEN will strengthen.
AUDCAD is very bearish and I want to follow the trend until there is a buy pattern at 0.9065.
The only concern I have is the H4 double bottom with divergence that may spoil the party. I am watching for 0.9203 to break in which case, I will close this trade and take the loss.
When this happens, currencies such as AUD, NZD, CAD will fall. USD, CHF and YEN will strengthen.
AUDCAD is very bearish and I want to follow the trend until there is a buy pattern at 0.9065.
The only concern I have is the H4 double bottom with divergence that may spoil the party. I am watching for 0.9203 to break in which case, I will close this trade and take the loss.
Trade closed: target reached
Got out with 35 pips. There is a lot of M15 consolidation and it is better to be proactive with the profit taking. 27/04/22 AUD/CAD Mini converted at 1.07025478949268 SD20.82
28/04/22 AUD/CAD Mini converted at 1.071894810420485 SD21.12
Funds: SD10,334.43
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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.