chrisolivera_

AUDCAD short term position

Short
chrisolivera_ Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Market price is approaching a resistance level and momentum is reaching a resistance level as well. As long as market price stays below 1.007 and momentum stays below .004 area this is a safe trade. If momentum breaks above the resistance level I have in place the trade would no longer be safe and should be possibly closed as it could open up room for a bullish move.
Comment:
200 EMA (blue) will act as a TP

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