Khoza
Long

AUDCAD D1 Possible Trend Reversal

FX:AUDCAD   Australian Dollar/Canadian Dollar
The AUDCAD             has reached a major resistance level . If trend is rejected here this will be a great setup for a sell. The Stochastic Oscillator and the RSI (14) are on the over bought zone. Both indicators and the Parabolic Sar on H1 are already confirming a downward movement.

Open: 1.01624

TP1: 1.00327
TP2: 0.99020
TP3: 098097

Stop loss: 1.02746
Trade closed: target reached: All targets reached.
@Khosa Thanks for the analysis. You meant "short" then and not "long" as your prediction?
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Khoza mlepper
@mlepper, Yes sorry, I meant short.
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