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AUDCAD Daily Chart Analysis

Thursday, October 27, 2016 20:17
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Screen Shot 2016-10-28 at 07.39.39

Hello traders good to see you on this Friday as today we look at a daily chart as I just found this technical chart very interesting. We can see that price has touched resistance at the price zone of 1.0280 and was rejected , The next day we see a red candle. So as we all know this is a long term trade at least 5 days. I am looking for this to give us a small pullback and continue to the down side. So let us look to the price to get as close to the resistance price zone of 1.0242 AND LOOK FOR A BEARISH CANDLE and look to enter sell trade. I am looming to take profit at the support zone at the 200 EMA at the price of 0.9814.

Thank you traders and we will talk in the next Asia session….William

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