Reason for selling AUD/CAD :
AUD/CAD reaches the major price level 1.0246 for 3rd time and starts to reverse.
We Expect more downward movement on this pair before moving up again. but, market starts to keep moving up and down.
Today, Canadian Government decreases it’s GDP rate from 0.6% to 0.0%
This makes the CAD to get more weaker and market finally reaches our Stop Loss price.
In this trade, The Fundamental movement wins over the Technical movement.
In forex market, Technical is always more stronger than Fundamental. In other words, Technical trading works 80% of time, but fundamental works only 20% in forex market.
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