TradingView
A.Sankar
Jun 18, 2017 9:36 PM

short opportunity Short

Australian Dollar/Canadian DollarFXCM

Description

Price made a double top (indicates price will move lower)
price hit the support level (marked on the chart) twice ,first hit was a correction to the 61.8 fib level, second hit was a correction for the 50% fib level
three days price was trying top go above the 50% and it failed (price action clearly shows us that there's a potential move to the downside
I'm already short .. you can see the two targets
trade with care .. good luck

Comment

1st target reached ,stop moved to break even (we're sitting on strong support now)
waiting to breakdown this area to reach the 2nd target

Trade closed: target reached

2nd target reached
Comments
Alex_Turner_FX
teach me masta
quql
amzing
FXWallaby
Nice Trade
More