With no significant Fundamentals in the short term, I believe that the AUD/CAD is over priced, as it is well above the perceived Value Zone.
I believe that it will come back into the value zone, following a reversal candle, which should not print higher than the resistance at 0.98511.
SL is set at 0.98570
TP1 is set at 0.97997
TP2 is set at 0.97602
This is purely for analysis and any feedback/comments would be welcomed.
Cheers guys and happy trading!
I believe that it will come back into the value zone, following a reversal candle, which should not print higher than the resistance at 0.98511.
SL is set at 0.98570
TP1 is set at 0.97997
TP2 is set at 0.97602
This is purely for analysis and any feedback/comments would be welcomed.
Cheers guys and happy trading!
Order cancelled:
Price surpassed resistance levels, hence not entered.