Short Selling Opportunity Ahead: AUDCAD Analysis | 4h chart
Hello traders,
As you can see in my previous post the resistance level reached and profit target hit.
Now again short selling opportunity on the horizon. Wait for the
AUDCAD
to close below stable support (0.91200-0.91500) and test resistance before opening short position.
Avoid long position due to downward trend and high supply.
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
As you can see in my previous post the resistance level reached and profit target hit.
Now again short selling opportunity on the horizon. Wait for the
AUDCAD
to close below stable support (0.91200-0.91500) and test resistance before opening short position. Avoid long position due to downward trend and high supply.
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
Comment:
Buying pressure is high. Wait for the right pattern and enter short selling. Or ignore this trade