ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor AUD/CAD Long-Term Trend: Bearish
Key Resistance Levels: 0.8634, 0.8684, 0.8760
Key Support Levels: 0.8548, 0.8503, 0.8454
Daily Chart:
The price on the higher time frame has been in a downtrend and recently it found support at the 0.8747 level. The pair bounced back after testing that area and reversed after a pullback. It has now continued the bearish move after breaking the support zone which shows a bearish bias.
AUD/CAD Medium-Term Trend: Bearish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trendβs direction. The price traded in a consolidation zone of 0.8684 and 0.8634 for some time after a downtrend. It has now broken the lower range and retested before continuing the momentum.
Signal Idea:
Sell Stop Order @ 0.8601
TP 1 @ 0.8556
TP 2 @ 0.8488
Stop Loss @ 0.8646
Trade Safely π
I think we can cancel this trade. Still going up.
This trade was cancelled yesterday.
How do you know when to cancel the trade?
When we see the trend is no longer valid its cancelled.
I’m new in trading and so glad there’s people like you who help us trade. Thank you. From South Africa
Wrong info… its going UP
The trade is not triggered yet, entry becomes valid only after it reaches our entry price.
Hey this article was published later than the market
I’m not sure what you mean, this is a sell stop order.