AUDCAD is showing Bearish Trend in 1H Time Frame. As you can see after making consecutive Higher Highs and Lows Advancing Phase comes to End and After Advancing Phase. Then the price moved in Distribution Phase and after breaking Distribution Phase as i mark it on the chart then it enters in the Declining Phase So, the Entry Point will be 0.91532 with Stop Loss of 0.92535 and the Risk To Reward Ratio Is 1:1 at $10k fund with 0.14 lots size. Take Profit 1 will be 0.90529 and Take Profit 0.89526.
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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.