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TimBrent
Apr 21, 2017 10:27 AM

AUDCAD - STOCH-RSI Structure trade Short

Australian Dollar/Canadian DollarFXCM

Description

Traders,

We've got another STOCH-RSI trade here
- Hit 618 fib level
- Stoch overbought
- RSI (12) > 60
- Developed a doji signal with a very strong bearish candle (yesterday 19:00)
- Structure level

Could be a great oppertunnity to get short and continue with the trend!

Best of luck!

Trade active

Trade closed: stop reached

Comment

Reenter can be considered.
50MA below 200MA
Stoch overbought
RSI oversold

My view on the reenter consideration.

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