AUDCAD sell position + trade idea

FX:AUDCAD   Australian Dollar/Canadian Dollar
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)

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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


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