limitlessal

AUDCAD sell position + trade idea

Short
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.

here is the Trade idea that i sent to the members of my academy.

Entry @ .93035

SL @ .93536 (50 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

Comment: SL hit -50 pips, re entered on rejection to the upside.
Please Trade at your own risk, every trader should follow proper risk management.

Instagram @limitless_al

http://www.limitlesstradeacademy.com

Comments

Very good analysis, we have same vision on our idea
Reply