AUDCAD | Sell Opportunity Around 0.95500

Hey!

Sell criteria (sell on light blue box):
- Round number (let's say a semi-round number) 0.95500 should act as a resistance
- Decent resistance area
- Down trendline act as a resistance
- Channel upper trendline works as a resistance
- Equal ABC waves from the recent bottom (fake out from the channel)

Use tight stops because on the night we got news impact which will mess with the price action.

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Thank You very much!

Cheers!


*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

Trade closed: target reached:

This trade made the move a bit early, I expected a little fake out to the light blue area.
Only the major trendline worked nicely as resistance and...

Comment:

Ehehe...still it touched the perfect rejection area!