limitlessal
Short

AUDCAD sell position + trade idea

FX:AUDCAD   Australian Dollar/Canadian Dollar
61 views
2
In this analysis we have market structure indicating a reversal or retracement on a higher time frame, we also have BEARISH RSI DIVERGENCE price also broke Under the 50 ema and we also have an Imbalance on the weekly Timeframe which will act like a magnet and pull price to fill the liquidity it also looks as if we are over due for a retracement on a weekly time frame after that major push to the upside.

SL @ .93671 (60 pips)

TP1 @ .92000 (105 pips)

TP2 @ .90900 (215 pips)

TP3 ( long term target ) (540 pips)

Please remember to Like Comment & Follow my Tradingview if you agree to my Analysis!
-----------------------------------------------------------------------------------------------------------------------------------
Always remember to move your trade to break even when in profits, its better to be a break even trader than a losing trader.

Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out