ThomasHa

BEARISH TRADE FOR AUDCAD

Short
FX:AUDCAD   Australian Dollar/Canadian Dollar
There is a confluence in 4 HR CHART and DAILY CHART. The SMA100 is pointing down on both charts indicating the high probability of downward movement. Stochastic is also pointing down. The recent upward movement seems to run out of steam and price is likely to reverse. Will place a LIMIT ENTRY order at 0.92807.
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