MM's Daily Technical Analysis -- SHORT AUDCAD
Hi traders,
Last week Friday AUDCAD broke through 0.9110 resistance level and has shown a clear A-B-C pattern which indicates a potential downward movement in the near future.
It is highly likely that we can witness some bounce back in today and the coming few days but mid-term wise speaking we still expect expect AUDCAD to fall to levels like 0.90 / 0.89.
My own trading system CLAM has also given a short signal thus a trading idea has now been established to go short on AUDCAD.
OP: 0.91275 SL: 0.92025 TP:0.89200, trade is now alive.
-----------------------------------------------
l share my trading ideas on FX/METALS/STOCKS on a daily basis and if you enjoy the idea or have anything about trading you would like to discuss, please like/follow/leave a comment, many thanks.
Last week Friday AUDCAD broke through 0.9110 resistance level and has shown a clear A-B-C pattern which indicates a potential downward movement in the near future.
It is highly likely that we can witness some bounce back in today and the coming few days but mid-term wise speaking we still expect expect AUDCAD to fall to levels like 0.90 / 0.89.
My own trading system CLAM has also given a short signal thus a trading idea has now been established to go short on AUDCAD.
OP: 0.91275 SL: 0.92025 TP:0.89200, trade is now alive.
-----------------------------------------------
l share my trading ideas on FX/METALS/STOCKS on a daily basis and if you enjoy the idea or have anything about trading you would like to discuss, please like/follow/leave a comment, many thanks.