A chance to sell AUD for 100 pips
We are now officially in a bearish market.
When this happens, currencies such as AUD, NZD, CAD will fall. USD, CHF and YEN will strengthen.
AUDCAD is very bearish and I want to follow the trend until there is a buy pattern at 0.9065.
The only concern I have is the H4 double bottom with divergence that may spoil the party. I am watching for 0.9203 to break in which case, I will close this trade and take the loss.
When this happens, currencies such as AUD, NZD, CAD will fall. USD, CHF and YEN will strengthen.
AUDCAD is very bearish and I want to follow the trend until there is a buy pattern at 0.9065.
The only concern I have is the H4 double bottom with divergence that may spoil the party. I am watching for 0.9203 to break in which case, I will close this trade and take the loss.
Trade closed: target reached:
Got out with 35 pips. There is a lot of M15 consolidation and it is better to be proactive with the profit taking.
27/04/22 AUD/CAD Mini converted at 1.07025478949268 SD20.82
28/04/22 AUD/CAD Mini converted at 1.071894810420485 SD21.12
Funds: SD10,334.43
27/04/22 AUD/CAD Mini converted at 1.07025478949268 SD20.82
28/04/22 AUD/CAD Mini converted at 1.071894810420485 SD21.12
Funds: SD10,334.43
