FX:AUDCAD   Australian Dollar/Canadian Dollar
47 1 2
Ticker: AUDCAD            
Direction: SHORT
Entry Price: 0.9449
Current Price: 0.9449

Description of Chart:
So we are in the lower half of the downward trending channel, and we hit 0.9485 perfectly and then retraced. This could now be offering a great opportunity to get short for the considerable future. If we get a large move down then we might look to take profits nice and early and then establish a new position in a different underlying. We will have to see how we go over the next few weeks, target area is at 0.9169.

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arif_awan
6 months ago
not really agree with this idea, coz cad has started to fall and aud has started to rise.
Reply
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