TradingView
ForecastCity
Nov 30, 2020 4:06 PM

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

Australian Dollar/Canadian DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.9575). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. AUDCAD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 41.

Take Profits:
TP1= @ 0.9515
TP2= @ 0.9480
TP3= @ 0.9434
TP4= @ 0.9372
TP5= @ 0.9300

SL: Break Above R2

❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated! ❤️

💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
Comments
yusufipek1989
Correct strategy. Very nice chart.
ForecastCity
@yusufipek1989, Thanks for your comment
Pro_Trader_007
Superb! 🔥 tnx for sharing it 👌
ForecastCity
@Pro_Trader_007, You're welcome!
Kamryn
Thank you for sharing it 👍
ForecastCity
@Kamryn, You're welcome.
Josef_anderson
I appreciate it. Excellent charting!
ForecastCity
@Josef_anderson, Thanks for your kind comment. 👍
sara-kian-fx
I enjoyed this opportunity to sell in AUDCAD very much. thanks, guys.
ForecastCity
@sara-kian-fx, We're glad you enjoy it.
More