AUDCAD Short with 3 confluences (Zero Indicators) H & S
Confluences:
1.Head and Should pattern formation on daily chart . (Not textbook style Head and Shoulders )
2. Daily chart long term trendline breakout and close.
3. Price is trending lower with the formation of a new low.
Entry:
Too soon to enter at the moment even though setup looks really great, We will be waiting for the CAD interest rate decision today before looking for an entries. Will be looking to hold trade for about 4 - 5 days or until take profit is reached (Whichever comes first)
1.Head and Should pattern formation on daily chart . (Not textbook style Head and Shoulders )
2. Daily chart long term trendline breakout and close.
3. Price is trending lower with the formation of a new low.
Entry:
Too soon to enter at the moment even though setup looks really great, We will be waiting for the CAD interest rate decision today before looking for an entries. Will be looking to hold trade for about 4 - 5 days or until take profit is reached (Whichever comes first)
Nota
Looking to close this trade during London session. Not enough momentum to push price towards target yet still a good trade.Nota
Price is moving nicely. We have some pull backs but target is still in sight
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.