AUDCAD, Continuous downtrend: Sell Short

FX:AUDCAD1D

Australian Dollar/Canadian DollarFXCM

Description

⋅ May 19, 2019 1:19 AM

D1:
- Structure: Downtrend
- Tendency: Downward
- Below support
=> Waiting signal=> Sell

Comment

⋅ May 21, 2019 3:58 PM

Comments

Erland

⋅ May 19, 2019 12:49 PM

Seems to be a valid chart when comparing it to EUR/AUD where it is still targeting to go higher despite overbought levels and weakness in Eur. But AUDCAD has a clearer view than EURAUD at the moment.

DatTong

⋅ May 20, 2019 8:14 AM

@Erland, cheers bro

Mello42

⋅ May 19, 2019 9:33 PM

Wow we both had perfect call

Mello42

⋅ May 19, 2019 9:44 PM

@Mello42, wrong pair excuse me

AhmedOsama2020

⋅ May 20, 2019 8:35 AM

Thank you bro. I opened sell now. Do you think the sl should be above the yellow line right?

DatTong

⋅ May 21, 2019 7:28 PM

@AhmedOsama2020, Depending on how you entry and your R/R. Sometimes I just put on top of the candle if I entry based on that candle