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traderWgun
Apr 11, 2013 4:35 PM

AUDCAD - double top? Short

Australian Dollar/Canadian DollarFXCM

Description

I went long AUDCAD last week, looking for a new high - tradingview.com/v/hESY6CCs/

But by the looks of it, I'm not sure we will see a new high in this pair. If RSI dont move higher
soon, look for a short entry. Soft target is the 50fib at 1.0480. SL is above the double high at 1.0700.

If this is an A-b-c-correction, then the double top is A-B and C should give us new lows.
Comments
Fib.The.Gentleman
Look at the Chart now on Daily :)
nice Double Top^^
traderWgun
yes it was a great setup :)
traderWgun
covered longs +50 pips
traderWgun
Price looks like nov 2011
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