Australian Dollar/Canadian Dollar

Short

AUDCAD Short idea

By FranckIlunga

Updated

I like the bearish momentum we have seen leaving 0.8850 from midnight NY time. We had a pause and consolidation around 0.8820 right before another drop. I would like to see the price gravitate under 0.8780 and under Friday's low for Sell Stops for liquidity and if it is moving fast I would like 0.8750 as well.

Trade active

Time is 3:54 am NY and we have seen nice momentum through 0.8800 so far

Note

Time is 4:43 am NY we are approaching 0.8780, stop should be at breakeven or better here.

Trade closed: target reached

TP hit

Note

1:11 am NY 0.8750 has been reached.

Also on:

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.