Hi guys,
this evening i want to bring your attention on this scenario on AUDCAD. As you can see on the left hand side of your screen, price is now testing a key resistance zone on the daily timeframe. Also, it has created two different ab=cd patterns (one on the daily, one on the 4hr chart) that are going to complete right at that structure level.
RSI is in overbought condition on the 4HR.
Pay attention to price action.
I'm waiting for a sell signal.
I'll keep you updated!
If you want to share your viewpoint, or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
this evening i want to bring your attention on this scenario on AUDCAD. As you can see on the left hand side of your screen, price is now testing a key resistance zone on the daily timeframe. Also, it has created two different ab=cd patterns (one on the daily, one on the 4hr chart) that are going to complete right at that structure level.
RSI is in overbought condition on the 4HR.
Pay attention to price action.
I'm waiting for a sell signal.
I'll keep you updated!
If you want to share your viewpoint, or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Nota
Awaiting for a double top:Nota
If you were an aggressive trader, you'd probably have cashed in some profits at this time. I missed my entry signal right around 1,0320. Too bad!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.