Sunday, December 22, 2024

Reason for Selling AUD/CAD : 

AUD/CAD reaches the top level 0.9560 and it fails to break the top level for long time.

Market starts to move between the ranges in 30 Min Chart and broken the bottom level of the range.

After breakout, market re-tested the previous breakout level and starts to move down.

aud cad re-tested breakout level and move down

Sell signal was given to the members after the confirmation of breakout from the range.

But, AUD/CAD went up into the range again and moving up and down for long time due to lack of volatality.

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