price may drop, cause we are on decision zone. Additional analysis =head and shoulder pattern.
If the price hit Stop loss at 117.415. we might find opportunity to buy after pullback/retest back at white zone(rbs)
MY TAKE PROFIT FOR SELL IS around:-
TP1=116.890 (previous structure break)
TP2 = 116.669(support area)
take at own risk
Audcad was uptrend this week,, but the way its moving up, is compressed,,, now it have reached d1& w1 resistance,,
Compression can be seen at tf h4,h1,,
Im selling this at 0.89854
Tp 1 :0.87977
Very good risk and reward ..
H4, head and shoulder pattern, looking to sell at 0.60611, from what ive learn from my teacher mr mansoor sapari.. if a quasimodo lvl (left shoulder), alligned with ssr&dable maru(base) it will make a valid h&s, although i think the neckline kinda sketchy ..
On higher tf,d1 market trend were still on sell trend , can see those huge bearish candle, market...
H1 shows compression nearing support, market have tested the support twice,, at horizontal line 1.79240 was a previous daily rbs,, (resistance became support). very promising to look for long entries at 1.79240, or looked for trend break, go for long position.. hope this may help ..
