TradingView
TheLionsShare
Apr 23, 2024 3:54 AM

AUDCAD - BEARISH CONTINUATION Short

Australian Dollar/Canadian DollarFXCM

Description

Price could possibly break back above to fill the range.

Looking for a break and close above the resistance level at 0.88495, then waiting for a minor pullback to retest the level before placing a buy order to fill the range.

Ideally I would prefer to see price continue to the downside with a break and close below the 0.88220 level, as current trend is bearish.

Again for sells I am looking for a break and retest before entering a position.

Targeting 0.87825 level where I will look to close 50% and move my stops to BE, with a full TP target at 0.87555.
Comments
MonkeyKingfx
Good evening...
I'm Patrick, love your analysis...
Also a trader...
What's your take on GBP/USD
More