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xosignals
Apr 2, 2019 10:25 AM

Analysis+Signal #AUDCAD Short

AUSTRALIAN DOLLAR / CANADIAN DOLLARICE

Description

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

Trade closed: stop reached

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