AUD CAD TF H4 09.06.20 Short
AUD CAD H4
Sell Stop 0.93330
SL 0.94141 (Loss 60 Dollar)
TP 0.91966 (profit 100 Dollar)
Reason to sell:
1. Head and Shoulder.
2. Strong candle formation in D1 (from 3 June to today 9 June)
3. MACD divergence D1
4. Stoch overbought D1
Reason to doubt:
1. Strong up trend for D1.
2. Head and Shoulder not yet broken.
3. No strong resistance and fibonacci area
SL based on right shoulder, TP based on Fibonacci 61.8; supported by the height from neckline to head.
Risk to reward almost 1:2
Disclaimer on
Please use proper money management; may the Pips be with you :)
Sell Stop 0.93330
SL 0.94141 (Loss 60 Dollar)
TP 0.91966 (profit 100 Dollar)
Reason to sell:
1. Head and Shoulder.
2. Strong candle formation in D1 (from 3 June to today 9 June)
3. MACD divergence D1
4. Stoch overbought D1
Reason to doubt:
1. Strong up trend for D1.
2. Head and Shoulder not yet broken.
3. No strong resistance and fibonacci area
SL based on right shoulder, TP based on Fibonacci 61.8; supported by the height from neckline to head.
Risk to reward almost 1:2
Disclaimer on
Please use proper money management; may the Pips be with you :)
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