AUDCAD bounced off top of channel as expected (see past AUDCAD idea linked).
This trade profited over 100 pips.
Waiting on a break of .9500 area and a close under it. This will confirm more selling to the bottom side.
Indicators:
1. Weekly trend is still downwards.
2. Weekly RSI overbought, now in a strong sell zone
Entry:
Once we have a break of channel, sell on the retest of the bottom channel (new resistance).
TP 1: next support area of 0.9426
TP 2: higher time frame support of 0.9283
Good luck trading!
Charles V
cvfxmanagement.com
cvfxwealth
Trading made simple
This trade profited over 100 pips.
Waiting on a break of .9500 area and a close under it. This will confirm more selling to the bottom side.
Indicators:
1. Weekly trend is still downwards.
2. Weekly RSI overbought, now in a strong sell zone
Entry:
Once we have a break of channel, sell on the retest of the bottom channel (new resistance).
TP 1: next support area of 0.9426
TP 2: higher time frame support of 0.9283
Good luck trading!
Charles V
cvfxmanagement.com
cvfxwealth
Trading made simple
노트
Bottom of channel broken as of this morning 8/3. Wait for daily to close under the channel to look to sell.
관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.