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AUDCAD Sell: 300+ pip Opportunity Update

Penjualan
Dollar Australia/Dollar Kanada (FX:AUDCAD)  
cvfxwealth Diupdate   
FX:AUDCAD   Dollar Australia/Dollar Kanada
Trend Analysis Technical Indicators Chart Patterns forexlearning trading investments AUDCAD aud forexeducation forexsignals forexanalysis
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trendanalysis indicator chartpattern forexlearning trading investments audcad aud forexeducation forexsignals forexanalysis
AUDCAD bounced off top of channel as expected (see past AUDCAD idea linked).

This trade profited over 100 pips.

Waiting on a break of .9500 area and a close under it. This will confirm more selling to the bottom side.

Indicators:
1. Weekly trend is still downwards.
2. Weekly RSI overbought, now in a strong sell zone

Entry:
Once we have a break of channel, sell on the retest of the bottom channel (new resistance).

TP 1: next support area of 0.9426
TP 2: higher time frame support of 0.9283

Good luck trading!

Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made simple
Komentar:
Bottom of channel broken as of this morning 8/3. Wait for daily to close under the channel to look to sell.

Ide yang Berhubungan

cvfxwealth
AUDCAD Sell Opportunity
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