AUDCAD short trend continuation trade on advanced fib formation
It´s been a slow week, market´s are still heavily trending, we had a trade on the NZDUSD yesterday a cypher at the resistance. Here today we got a trend continuation trade on this bearish trend with an advanced Cypher formation at the structure resistance. RSI is about to get over bought. Our PRZ level are 0,94670, stops above X structure resistance + the 0,94900 even handle number.. Possible looking for extented targets on this one. But the safe T1 is at 0,94370
Kind Regards
Thomas Jeff
Kind Regards
Thomas Jeff
Trade closed: stop reached
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.
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.