AUDCAD POTENTIAL H1 SELL SETUP
Updated
Potential selling opportunity on AUDCAD H1.
Confluence:
1.) 50 EMA
2.) Descending Channel
3.) Fibonacci rejection (50.0%-61.8% zone)
4.) Engulfing candle
Final target is the -61.8% Fibonacci level
This is just my view on this current market. I am no advisor and trading the financial markets is risky. This is for educational purposes only
Confluence:
1.) 50 EMA
2.) Descending Channel
3.) Fibonacci rejection (50.0%-61.8% zone)
4.) Engulfing candle
Final target is the -61.8% Fibonacci level
This is just my view on this current market. I am no advisor and trading the financial markets is risky. This is for educational purposes only
Trade closed: stop reached
Stops were taken down to entry and got hit. BE trade. :)
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