AUDCAD (1h) Short opportunity for FX:AUDCAD by timmynorin

TradingView

Ideas
Markets
Scripts
Screeners
Brokers
- Top Brokers
- Broker Awards
Chart
More

197 views

audcad audcadshort audshort cadlong priceaction

4 failed attempts on breaking to the upside. We now have a broken trendline to the downside. Targetting retest of 1.00000

Stop loss above the highs

Trade active

Trade closed: stop reached: Nope!

Comments

This pair has been very tricky lately and movement. Got a short position for about 5 days now... (-_-)

musiq787

@musiq787, Indeed, there has been quite a few fake breakouts to both the upside and downside in a short period of time. I've fallen for a few of them :|

timmynorin

@timmynorin, I hope you came out of this one alright after yesterday's drop! :)

Still possible of it going down.

Jamal92

@Jamal92, It is possible we're seeing a fake breakout to the upside, caused by the stops that were piling up. But I'm staying out either way since my reasons for entry dont apply anymore. :)