AUDCAD SELL AUDCAD sell - looking for rejection around either the 61.8% or the 78.6% for it to roll over to the downside. Watch the region of the two purple boxes for a doji or spinning top formation on the 4hr time frame to take a short position.
Take partial profits at the 0% -20% and finally the -61.8%.
180 PIP gain 5.5/1 RR
Audcadtrend
AUDCAD LONG @DAY CHARTAUDCAD
Currently this pair running at the major resistance level at 0.91200
From this level we may expect some short term fall back towards 0.90600 level.Which is 100EMA
This 100EMA will form as support level there we may execute buy orders
And the potential target will be 0.92160
Stop lose may placed at 0.90100