chrisolivera_

AUDCAD short term position

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chrisolivera_ 已更新   
FX:AUDCAD   澳元/加元
Market price is approaching a resistance level and momentum is reaching a resistance level as well. As long as market price stays below 1.007 and momentum stays below .004 area this is a safe trade. If momentum breaks above the resistance level I have in place the trade would no longer be safe and should be possibly closed as it could open up room for a bullish move.
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200 EMA (blue) will act as a TP

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