澳元/加元
看空

Should I be selling AUDCAD

79
Hello traders another wonderful week!! I don't like this trade that much
Lets dive deep
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What we have here is a structure That has held up very but has finally been broken.
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I'm pretty sure you can identify that this is a downtrend and we are planning on joining the movement.
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This trendline is carefully placed with 2 touches with the on that I circled being the third touch. That is what I don't like about this trade "It takes 2 to hire but 3 to fire" you should avoid trades with 2 touches.
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The 50 EMA with default settings clearly shows us that this is a downtrend.
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One thing I don't like about this trade is that we don't have a divergence on this trade
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