BoonHooi

Why I am taking this AUDCAD Short ?

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BoonHooi 已更新   
FX:AUDCAD   澳元/加元
I see the 2 H1 patterns completing on AUDCAD.
- Bearish Butterfly (in green)
- Bearish Bat (in orange)

There seems to be a reaction to these PRZ levels and the RSI is presenting itself in the Overbought zone. As I always say, an overbought instrument can continue to be overbought for a long time.

Stops at around 1.0158 (33pips)
交易進行:
Just noticed a slightly bigger Bat pattern, now price is at the PRZ of this Bat.
CAD weakness across the board against most currencies. Caution !!

交易結束:達到停損點:
Trade closed with a 33pip loss,
CAD is just too weak across the board.
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