AUDCAD sell by losing channel low boundary.
Updated
In this pair, there is a very long resistance, older than 2010 (pink line). This resistance was not break, the prices returned to the channel and now are testing the low boundary, after the "false break" of the upper boundary. Usually, i like to buy when touch the low border of the channel. But, now we have a very bearish red candle. I think the sell is the best option if the prices go a little bit down.
Trade active
I am "sold" since the green arrow. I am laughing for 'no reason'... lolI will close half of the orders in target 1 just if the prices touch the target going up again.
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.