Get started
DoubleDee

Nice Swing Setup

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
DoubleDee  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Trend Analysis AUDCAD
1
1
trendanalysis audcad
On the daily timefrime, we see AUD/CAD in a ranging market, with a lot of rejections (moreover we see a resistance at the RSI indicator). This gives us the oppottunity to set a new short trade, after a retest at the resistance area.

The trade could have an easy 4 RR, when looking to target the 0,382 fib level.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.