A #short trade opportunity recently presented itself on the #aussieloonie (#AUDCAD) #trading chart 📉.
This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 0.88362 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ 👇 direction (#sell).
Sufficient downward momentum should see price dumping towards the 0.86000 psychological level and possibly testing the strength of the 0.85919 horizontal support level.
As always, please apply appropriate risk management: you might want to keep your eyes on the Canadian GDP m/m figure due to be released at 13:30 (GMT+1).
Happy trading!
#crosspair
This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 0.88362 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward ⬇️ 👇 direction (#sell).
Sufficient downward momentum should see price dumping towards the 0.86000 psychological level and possibly testing the strength of the 0.85919 horizontal support level.
As always, please apply appropriate risk management: you might want to keep your eyes on the Canadian GDP m/m figure due to be released at 13:30 (GMT+1).
Happy trading!
#crosspair