ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor AUD/CAD Long-Term Trend: Bearish
Key Resistance Levels: 0.99133, 0.99258, 0.99511
Key Support Levels: 0.98802, 0.98563, 0.98202
Daily Chart:
The price on the higher time frame has recently tested a strong resistance area and reacted strongly from there. The pair has shown bearish reaction from the marked supply zone which suggests a downtrend momentum.
AUD/CAD Medium-Term Trend: Bearish
15-Minute Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It has shown pullback to the marked resistance area at 0.99133. As of now the pair has reacted and broken the minor bullish structure before continuing the momentum.
Signal Idea:
Sell Limit Order @ 0.99062
TP @ 0.98822
Stop Loss @ 0.99301
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This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.
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