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
Nota
Bottom of channel broken as of this morning 8/3. Wait for daily to close under the channel to look to sell.
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.