AUDCAD Short Opportunity

13 בדצמ׳ 2018

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



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*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!

13 בדצמ׳ 2018

הערה

4H candle close and we got another sixth confirmation:

6. After the rejection from mentioned levels above the current price we got a bearish candlestick pattern called "Shooting Stars"!

13 בדצמ׳ 2018

הערה

Stops are hunted and technically it is better than before!
7. RSI Divergence

13 בדצמ׳ 2018

הערה

If You want to get more confirmations than wait for a candle close (at least 1H) below the round number 0.96500!

13 בדצמ׳ 2018

הערה

Yes, we got this!
Bearish Engulfin candlestick pattern on the 4H chart!!

14 בדצמ׳ 2018

הערה

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.

14 בדצמ׳ 2018

הערה

The first target reached!