Looking for AUDCAD to continue it's downtrend for the week.
Next Pio where I am interested in for looking into short positions is the Asia high.
Looking for a test and a nice close under this level.
If I see this I am planning on placing stop well above the wick that candle would have and a target somewhere above the PDL.
I have placed a random stop loss for now just so you could see what I would be looking for RR wise.
If I don't see any rejection I don't enter and will look for setups on other pairs.
Stay safe out there and do your own due diligence, this is not investment advise!
Next Pio where I am interested in for looking into short positions is the Asia high.
Looking for a test and a nice close under this level.
If I see this I am planning on placing stop well above the wick that candle would have and a target somewhere above the PDL.
I have placed a random stop loss for now just so you could see what I would be looking for RR wise.
If I don't see any rejection I don't enter and will look for setups on other pairs.
Stay safe out there and do your own due diligence, this is not investment advise!
Trade closed: target reached
AUDCAD delivered!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.