💡Don't miss the great sell opportunity in AUDCAD Short

Australian Dollar/Canadian DollarFXCM

Description

⋅ Mar 30, 2021 9:41 AM

Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.96430).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. AUDCAD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.

Take Profits:
TP1= @ 0.95850
TP2= @ 0.95250
TP3= @ 0.94580
TP4= @ 0.93940
TP5= @ 0.93120

SL: Break Above R2

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Comments

KlejdiCuni

⋅ Mar 31, 2021 12:31 PM

I like your idea!

ForecastCity_World

⋅ Mar 31, 2021 2:21 PM

@KlejdiCuni, Thanks bro

financialflagship

⋅ Mar 30, 2021 7:18 PM

Looks good, thanks for sharing! Looking forward to it 👍

ForecastCity_World

⋅ Mar 30, 2021 10:40 PM

@financialflagship,Thank you

FieryTrading

⋅ Mar 30, 2021 10:55 AM

Thanks!

ForecastCity_World

⋅ Mar 30, 2021 3:37 PM

@FieryTrading, You're welcome

goldpickle

⋅ Mar 30, 2021 10:48 AM

thanks man. short locked.

ForecastCity_World

⋅ Mar 30, 2021 3:37 PM

@amirazfaraznan, You're welcome

BULLSS1993

⋅ Mar 30, 2021 10:37 AM

Thanks for sharing and 👍

ForecastCity_World

⋅ Mar 30, 2021 3:37 PM

@BULLSS1993, You're welcome