AUDCAD 240 short – top of the channel and retest of LH
The channel shows a downtrend since 17 April 2019 at 91% regression fit. PA is at the top of the channel, at a third test of the LH. RSI shows a break below the trendline. Waiting for RSI to cross 50. Entry, SL and TP are approximate.
Trade active
Trade closed manually
Manual close of trade at 78.6 fib of retracement, a little less than the original TP. 53.9 pips.
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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.