AUDCAD short with possible CAD momentum
There several factors of confluence to support this trade:
- Rejection of .618 retrace from the April highs
- Rejection of 50 EMA
- with the dominant bear trend
- 2 doji candles
- triple top on the 1h
With Canadian employment data coming out tomorrow this pair could get a boost to go short. So far all my ideas posted here have been correct. I hope this one works out as well. Happy trading everyone!
- Rejection of .618 retrace from the April highs
- Rejection of 50 EMA
- with the dominant bear trend
- 2 doji candles
- triple top on the 1h
With Canadian employment data coming out tomorrow this pair could get a boost to go short. So far all my ideas posted here have been correct. I hope this one works out as well. Happy trading everyone!
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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.
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.