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MSANDROID-01

AUDCAD SELLS

Short
Australian Dollar/Canadian Dollar (OANDA:AUDCAD)  
MSANDROID-01 Updated   
OANDA:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators
4
1
trendanalysis chartpattern indicator
I use the 200 exponential envelope (0.15%) to determine the beginning of trends for AUDCAD. Prices are currently trading below the envelope, which indicates a bearish trend, and thus the short positions. I will be entering more positions at the mid-moving average, anticipating that price will retest and continue falling. Stop loss is dynamic, meaning I will only be closing the trades if prices close above the envelope.

HAPPY TRADING!!!
Trade closed: stop reached:
Prices closed above the envelope. I am now looking for buys.
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