AUDCAD SELL
Price was in a downtrend and it appears the retracement may be complete at the 61.8% level. However, it could continue to rise to the 78.6% or 86% level before falling In order to enter trade, need bearish evidence; trend line break, overbought signal on stochastic. Taking it down to the D 161.8% extension of .91682 for ~200 PIPS.
Trade closed: target reached
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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.