Hey guys,
today i want to bring you a nice opportunity on AUDCAD. In the daily chart we are back at previous structure and price is struggling with breaking it. We have already put a long wick to the top and so we want to get short on this pair. On the 4HR you can see we have RSI divergence and we've put a large engulfing candle that could be the first sign of a reverse.
Price is pulling back now and i think i'm going to get involved at 0,9850 level.
Stops above the highs.
First target at 0,9780s
Second target at 0,9700s
If you have any question, feel free to comment below.
Otherwise, see you in the next chart!
today i want to bring you a nice opportunity on AUDCAD. In the daily chart we are back at previous structure and price is struggling with breaking it. We have already put a long wick to the top and so we want to get short on this pair. On the 4HR you can see we have RSI divergence and we've put a large engulfing candle that could be the first sign of a reverse.
Price is pulling back now and i think i'm going to get involved at 0,9850 level.
Stops above the highs.
First target at 0,9780s
Second target at 0,9700s
If you have any question, feel free to comment below.
Otherwise, see you in the next chart!
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