Hello Everyone !
Below we have AUD/CAD pair on a SHORT Possibility, Price has been pushing for a long time in this wedge after a long BULLISH rally but finally we started to see some weakness. We have couple of Options on this Trade, either you can wait for a breakout- retest to go into a trade, or trade the double top Pattern Created, Manage it at your own risk. We have a really good potential fall on this pair which we have been checking and waiting for a long time to show us some signs of Bears going in. We Will be Monitoring Price Action on the Market Open for more Updates.
Extra Note : Price is at the 50% Fib. Retracement & started to show weakness.
Feel Free to share your Opinions on the Comments Below.
Instagram : Cosmic_forex
Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose!
Below we have AUD/CAD pair on a SHORT Possibility, Price has been pushing for a long time in this wedge after a long BULLISH rally but finally we started to see some weakness. We have couple of Options on this Trade, either you can wait for a breakout- retest to go into a trade, or trade the double top Pattern Created, Manage it at your own risk. We have a really good potential fall on this pair which we have been checking and waiting for a long time to show us some signs of Bears going in. We Will be Monitoring Price Action on the Market Open for more Updates.
Extra Note : Price is at the 50% Fib. Retracement & started to show weakness.
Feel Free to share your Opinions on the Comments Below.
Instagram : Cosmic_forex
Trading foreign exchange on margin carries a HIGH LEVEL OF RISK, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose!