TradingView
Technician
Jan 29, 2015 7:44 PM

AUDCAD: Resistance confluence and a bearish candle pattern Short

Australian Dollar/Canadian DollarFXCM

Description

This is already late, however i just wanted to illustrate a clear example of technical confluence that provide high probability trades. It was optimal to short near that resistance area on the week following the major gravestone doji week.

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Good luck, keep your stops tight..
My best regards
Technician
Comments
St_Forex
Target 1 achieved. Thanks
Technician
thanks neddo
Realisto_FX
I don´t think is too late, actually I´m entering short if today closes below 0.98 for a target @ 0.94

tradingview.com/v/z3PziFaD/
Technician
could be the case, but i am a bit too conservative, i would want to see more short term confirmation to short near levels, specially that a stop would be far in my approach..
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