AUD/CAD (Rising wedge) short

2020年4月28日

HI,
I see some bearish Bias in Australian Dollar against Canadian Dollar.
Reasons: Tomorrow CPI report negative from Australia, Canadian Dollar is in recovery
phase and technically it creates Double Top and Rising wedge, creates
shooting Star in 4 hourly and little divergence in RSI.
So whats next,
Sell at current price at $0.9083.
Take Profit: $0.9025, $0.8920, $0.8840

Stop Loss should be $0.9130.
Risk to Reward Ratio: 1 : 5

Every system has a Limitation.
Thanks.