AUDCAD D1 Possible Trend Reversal
The AUDCAD has reached a major resistance level. If trend is rejected here this will be a great setup for a sell. The Stochastic Oscillator and the RSI(14) are on the over bought zone. Both indicators and the Parabolic Sar on H1 are already confirming a downward movement.
Open: 1.01624
TP1: 1.00327
TP2: 0.99020
TP3: 098097
Stop loss: 1.02746
Open: 1.01624
TP1: 1.00327
TP2: 0.99020
TP3: 098097
Stop loss: 1.02746
Trade closed: target reached
All targets reached.
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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.