I have shown this couple of times with CAMMACD ™. Its called high volatility trading. AUDCAD is showing nice High Volatility candle setup and we could see that on first attempt to sell it around 78.6, the trade was pretty successful, as there are also historical sellers around the level.2nd chance sell trade might come around 9835 at 88.6 fib retracement towards 9760 and 9735. Stop is pretty much close ( around 9855 ). High volatility candle is also trapped in the range, so for 9735 and lower 9760 needs to break first.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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