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MoolahMaker

AUDCAD - 100 Pips Short Possibility

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
MoolahMaker Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Chart Patterns Technical Indicators Beyond Technical Analysis AUDCAD audcadshort audcadsetup audcadanalysis audcadforecast audcadsell audcadsignal audcad1hr audcaddaily
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chartpattern indicator beyondta audcad audcadshort audcadsetup audcadanalysis audcadforecast audcadsell audcadsignal audcad1hr audcaddaily
AUDCAD. AUD has not fallen against CAD while it has fallen against other currencies.

It is currently weak. We can expect a short sell 100 more pips if the 0.97 level stays unbroken.

*Let the 4H candle close and if it closes with a tick at least half the size of its body then we're good for a sell.

Happy trading.
Comment:
It'll go for another high test. Wait for the high test to complete successfully, then short if it's good.
Comment:
Keep in mind that today is the NFP results as well as CAD employment news.

Therefore, the outcome of this trade will very much be based on the outcome of the news and volatility will be present. Close or keep open your trade as you wish. I personally took my profits out and will wait until further good signs.
Trade closed: target reached
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