Dólar Australiano/Dólar Canadense
Viés de baixa
Atualizado

AUDCAD - Short Trade

120
Price has reached an area of resistance after breaking out of a rising wedge. We had an impulsive move away from this area and then we correctively consolidated, forming a double top. We then saw momentum to the upside, grabbing orders above the consolidation area, highlighting the manipulation and liquidity grab. We then rejected the 70.5% Fib retracement as the SL orders was just above the 61.8%. Once again retail traders suffer as their SL has been hit after getting the direction correct once again. SL will be above the high and the resistance level. If price was to break above this level then I would consider this trade being invalid, hence why the position was here. TP is at the psychological level of 0.98 which ties in nicely with area of sensitivity and the 61.8% fib extension.
Nota
Would move SL to BE now to protect capital.

Aviso legal

As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.