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Khoza
Mar 14, 2018 2:59 PM

AUDCAD D1 Possible Trend Reversal  Long

Australian Dollar/Canadian DollarFXCM

Description

The AUDCAD has reached a major resistance level. If trend is rejected here this will be a great setup for a sell. The Stochastic Oscillator and the RSI(14) are on the over bought zone. Both indicators and the Parabolic Sar on H1 are already confirming a downward movement.

Open: 1.01624

TP1: 1.00327
TP2: 0.99020
TP3: 098097

Stop loss: 1.02746

Trade closed: target reached

All targets reached.
Comments
mlepper
@Khosa Thanks for the analysis. You meant "short" then and not "long" as your prediction?
Khoza
@mlepper, Yes sorry, I meant short.
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