AUDCAD Bearish Engulfing at Resistance
Three main reasons for selling:
1. Very long at resistance
2. Psychological level of 1.00
3. Current body engulfs previous candle body
Entry at current levels: 0.99
Stop Loss: Above the high of candle, 1.007
Take Profit: Trailing exit but ideally 0.96
1. Very long at resistance
2. Psychological level of 1.00
3. Current body engulfs previous candle body
Entry at current levels: 0.99
Stop Loss: Above the high of candle, 1.007
Take Profit: Trailing exit but ideally 0.96