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TopTradingSignals
Jun 10, 2021 2:41 PM

AUD-CAD Risky Short From Resistance! Sell! Short

Australian Dollar/Canadian DollarFXCM

Description


Hello,Traders!
AUD-CAD broke out of the falling wedge
And headed towards the horizontal resistance
However, the pair is now trading below a falling resistance
Which makes a move down likely
And shorting RIGHT NOW provides a great RR or 4:1 or more
So take it if you want, don't risk more that 0.5% of the account
Because, as I said, the trade is risky
Sell!
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Comments
VasilyTrader
What portion of the account do you recommend to risk here?
TopTradingSignals
@VasilyTrader, 0.5% max
MMBTtrader
agree strong resistance zone over here
TopTradingSignals
UnitedSignals
Very good analysis on audcad bro!
TopTradingSignals
Mihai_Iacob
I share your idea!
TopTradingSignals
@OptimoomFX, good to know man
TruthakaWallStreetakaCookie
Now it is a short.. I am about to bank on way down also.
TruthakaWallStreetakaCookie
I already banked.
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