TradingView
UnknownUnicorn832543
Feb 16, 2017 7:44 PM

AUD/CAD possible double top - go short Short

AUSTRALIAN DOLLAR / CANADIAN DOLLARICE

Description

Looks like a possible double top on the Ozzie vs Loonie. Price tested the initial close high at about 1.0065 twice. There is a strong bearish divergence on the RSI, so let's see if the bears can hold and drive the price lower.

Stop-loss at 1.0110 - this is 10 pips higher than the 1.0100 level.
First take profit level at 0.9850
Hoping for second take profit level at 0.9650
More