AUDCAD | Sell Opportunity Around 0.95500
Updated
Hey!
Sell criteria (sell on light blue box):
- Round number (let's say a semi-round number) 0.95500 should act as a resistance
- Decent resistance area
- Down trendline act as a resistance
- Channel upper trendline works as a resistance
- Equal ABC waves from the recent bottom (fake out from the channel)
Use tight stops because on the night we got news impact which will mess with the price action.
Please, do not forget to support my idea post by hitting the "LIKE button!
Thank You very much!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Sell criteria (sell on light blue box):
- Round number (let's say a semi-round number) 0.95500 should act as a resistance
- Decent resistance area
- Down trendline act as a resistance
- Channel upper trendline works as a resistance
- Equal ABC waves from the recent bottom (fake out from the channel)
Use tight stops because on the night we got news impact which will mess with the price action.
Please, do not forget to support my idea post by hitting the "LIKE button!
Thank You very much!
Cheers!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Trade closed: target reached
This trade made the move a bit early, I expected a little fake out to the light blue area.Only the major trendline worked nicely as resistance and...
Comment
Ehehe...still it touched the perfect rejection area! 
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