We have a red descending channel here, we can also see in the weekly graph the last decline comes after Doji (Doji candlesticks look like a cross) that generally signals a reversal pattern for technical analysts.
In addition to the Stochastic indicator shows that we have another margin of potential price fall
Sell AUDCAD:
Entry Price: 0.9440
Take Profit: 0.9220
stop loss: 0.9520
In addition to the Stochastic indicator shows that we have another margin of potential price fall
Sell AUDCAD:
Entry Price: 0.9440
Take Profit: 0.9220
stop loss: 0.9520
Trade closed: stop reached