FX:AUDCAD   Australian Dollar/Canadian Dollar
138 8 2
good luck
Entry? Stop? Targets?
Ice_ mustard
Always place stop on the fibonacci levels that break the pattern, something you can guide yourself and at the same time confirm the market direction.
Where do you see the Fibonacci level that breaks the pattern here Gruber?
Ice_ Loonietrader
I set my short stop at 0.965. Where do you see this long rallie reversing?
Ice_ Loonietrader
To be honest it's an unusual move. Both Price Oscillator and MACD rarely see this kind of movement, so I'd expect to drop soon. But I can't guarantee, it may happen what happened on the USDJPY. So keep your stop losses tight and wait for confirmation, because it'll be a big drop.
when u c the opportunity to short, pls remember to share ur idea with us
I'm seeing a bearish divergence in the RSI and Stockastic in the 4hr chart. Possible reversal going on.
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