AUDCAD SELL TP 1: 0.93520 TP 2: 0.93161 TP 3: 0.92747 SL 0.94700 (80 Pips) For this trade we can see price was at a strong uptrend for the past few days but it has begun to lose its overall strength and we also see a bearish variation pattern forming on the H4. Based off of RSI we can see that it's currently in an overbought position. As Always, Stop loss is set above previous resistance in case of a reversal, and make sure to use proper risk management
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.