Muulu

SIMPLE AUDCAD _COT_ SHORT

Short
FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar

Backed up with COT data on what Hedge funds are doing we have more shorts than longs...AUDCAD just tested the 0.95831 resistance level and we see a break of the immediate trend line and resistance of the breakout support.

Entry: 0.95304
Stop-loss: 0.96046
Profit target: 0.94036


Ratio: 1.71

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