We have a good AUDCAD sell opportunity at the end of the cycle. Daily cycle appears to be nears its end and I’m looking to short the pair as long as the last high is holding.
AUDCAD Daily Chart:
I want to see a breakout below 1.0210 to consider this sell. A more aggressive protection will be placed above 1.0250 and to be more conservative you can place the stop loss above the last high.
AUDCAD H1 Chart:
Target 1 – 1.0110
Target 2 – 1.0017
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