AUD CAD TF H4 09.06.20 Short
AUD CAD H4
Sell Stop 0.93330
SL 0.94141 (Loss 60 Dollar)
TP 0.91966 (profit 100 Dollar)
Reason to sell:
1. Head and Shoulder.
2. Strong candle formation in D1 (from 3 June to today 9 June)
3. MACD divergence D1
4. Stoch overbought D1
Reason to doubt:
1. Strong up trend for D1.
2. Head and Shoulder not yet broken.
3. No strong resistance and fibonacci area
SL based on right shoulder, TP based on Fibonacci 61.8; supported by the height from neckline to head.
Risk to reward almost 1:2
Disclaimer on
Please use proper money management; may the Pips be with you :)
Sell Stop 0.93330
SL 0.94141 (Loss 60 Dollar)
TP 0.91966 (profit 100 Dollar)
Reason to sell:
1. Head and Shoulder.
2. Strong candle formation in D1 (from 3 June to today 9 June)
3. MACD divergence D1
4. Stoch overbought D1
Reason to doubt:
1. Strong up trend for D1.
2. Head and Shoulder not yet broken.
3. No strong resistance and fibonacci area
SL based on right shoulder, TP based on Fibonacci 61.8; supported by the height from neckline to head.
Risk to reward almost 1:2
Disclaimer on
Please use proper money management; may the Pips be with you :)
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.