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MalkeetSingh99
Mar 28, 2018 3:46 PM

AUDCAD PREDICTED DIRECTION SHORT TERM LONG AND LONG TERM SHORT Long

Australian Dollar/Canadian DollarFXCM

Description

AUDCAD IS IN STRONG SELLING FROM A LONG TIME AND IF WE CORRELATE THIS PAIR IT SHOWS AUD IS WEAK ACROSS THE BOARD AND CAD IS STRONG WHICH IS A GOOD SIGN TO GO FOR A SELL AND ALSO AUD LAST WEEK NEGATIVE FUNDAMENTAL REPORT AND CAD STRONG FUNDAMENTALS SHOWS THAT THIS PAIR IS GOING TO DOWNSIDE. WE HAVE COUPLE OF CLUES FOR A SELL.
BUT NOW 240 CHART SHOWS SOME WEAKNESS AND WE ARE EXPECTING A PULLBACK SO FIRSTLY WE ARE LOOKING FOR A BUY AND THEN WHEN WE REACH THE STRONGER AREA OF SELLERS THEN WE GO WITH THE ORIGINAL DIRECTION.

Trade active

Trade closed: target reached

BUYING TARGET ACHIEVED.

Trade active

SELLING TRADE ACTIVE

Trade closed: target reached

SELLING TARGET ACHIEVED
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