AUD/CAD: Short position by fundamental news
As today, I short AUD/CAD from $0.9076 CAD, Stop Loss to $0.9104 CAD and take profit to $0.9023 CAD. All update for now!!!
What I see it's that AUD/CAD break out this bearish channel formed in H4 timeframe and we see a good opportunity that I'm shorting now
Now, watching in H4, I believe that price will need to make a reaction in the up trend line that I extend now and show you by blue arrow a point that posible to entry to bought inmediately after this drop that it's happening now by China economy. We could to see a support at $0.9026 CAD as main support to take in note.
In based the fundamental news, it's that Chinese industrial, retail sales fixed asset investment fell in the estimate today data in China economy with concerned about the disappointing global recession fears. i see that this will affect the Asian currencies to short position by this bad speculate in the world. I'm shorting Australian Dollar in front of Canadian Dollar now!!!
If you short AUD/CAD from by signal in the noon, we're in profit for now to find up 55 pips as target.
Good luck!!!
I put my link to related idea my first simple analysis, this it's the udpate!!!
What I see it's that AUD/CAD break out this bearish channel formed in H4 timeframe and we see a good opportunity that I'm shorting now
Now, watching in H4, I believe that price will need to make a reaction in the up trend line that I extend now and show you by blue arrow a point that posible to entry to bought inmediately after this drop that it's happening now by China economy. We could to see a support at $0.9026 CAD as main support to take in note.
In based the fundamental news, it's that Chinese industrial, retail sales fixed asset investment fell in the estimate today data in China economy with concerned about the disappointing global recession fears. i see that this will affect the Asian currencies to short position by this bad speculate in the world. I'm shorting Australian Dollar in front of Canadian Dollar now!!!
If you short AUD/CAD from by signal in the noon, we're in profit for now to find up 55 pips as target.
Good luck!!!
I put my link to related idea my first simple analysis, this it's the udpate!!!
