AUDCAD Short Opportunity
Hey!
AUDCAD Possible Short setup:
1. Last week candle extreme bearish Engulfing
2. H&S chart pattern formation
3. FIB 50%
4. Light blue = strong support-resistance area (currently resistance)
5. Possible short-term Double TOP formation
Please, don't forget to LIKE, COMMENT & FOLLOW!
Thank You for your support, I really appreciate it!
Have a nice day!
All the best!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
AUDCAD Possible Short setup:
1. Last week candle extreme bearish Engulfing
2. H&S chart pattern formation
3. FIB 50%
4. Light blue = strong support-resistance area (currently resistance)
5. Possible short-term Double TOP formation
Please, don't forget to LIKE, COMMENT & FOLLOW!
Thank You for your support, I really appreciate it!
Have a nice day!
All the best!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Commento:
Stops are hunted and technically it is better than before!
7. RSI Divergence
7. RSI Divergence
Commento:
If You want to get more confirmations than wait for a candle close (at least 1H) below the round number 0.96500!
Commento:
Yes, we got this!
Bearish Engulfin candlestick pattern on the 4H chart!!
Bearish Engulfin candlestick pattern on the 4H chart!!
Commento:
We got so many confirmations and we got the move downwards.
There is just a little space to go to the target 1 but if You are in this trade then move SL to the zero take some partial profits (always be less greedy than others) and let the rest run.
There is just a little space to go to the target 1 but if You are in this trade then move SL to the zero take some partial profits (always be less greedy than others) and let the rest run.
Commento:
The first target reached!
6. After the rejection from mentioned levels above the current price we got a bearish candlestick pattern called "Shooting Stars"!