ITMSniper

AUDCAD 60 Long

Long
ITMSniper Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
1. Overall AUD group are in a down trend
2. AUDCAD shows buyers taking over and other AUD Pairs are starting to show weakness in sellers
3. Waiting for prices to pull back into the green box and hoping to see price stabilize in that region
4. Waiting for sellers to die off in the 15m charts before entering
Trade active:
Entered at 0.95312
Comment:
TP 1 target at 0.95400
Trade closed manually:
it seems the long is not working out. Exited trade
Comment:
Post analysis:
Despite buyers coming in strong and manage to hold their grounds, correlations from AUD pairs and News of CPI prevented the buy from happening

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.