AUDCAD | Short H4 | Market Exec | Similar to NZDCAD

Technical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1, H4 and H1 timeframe
- Price action is at a Supply Zone and has another Consolidation Zone nearby it
- Price action is at the top of a channel resistance
- Targeting the 50% Fibo retracement

Fundamental Confluences for Trade:
- Same setup as the NZDCAD trade I just posted as well
- AUD has a RBA event risk if this trade is taken

Suggested Trade:
Entry @ Area of Interest 0.9030 - 0.9060
SL @ 0.9093
TP 1 @ 0.8983 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 0.8921
Risk-to-Reward @ Approx. 2.14 (Depending on Entry Level)

________________________________

Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated!

If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies.

If you want something analyzed, do drop me a DM. :D

________________________________

Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks.

Any websites / brokers / applications suggested here are also provided as informational purpose only.

________________________________

交易结束：到达止损:

SL hit.

Moving on to the next trade.

Protect the capital. :D