AUDCAD short idea
Hi traders,
Price is approaching a to descending trend line which has been respected for a while now and I expecting the same again but I would wait for a bearish engulfing candle once it touch the trendline before going short on this. I have marked the tp and sl for you as well.
Remember, the trade is only valid once it touch the trendline and create a bearish engulfing candle on the 4h or 1h chart.
Let me know your thought.
Trade safe and good luck.
Price is approaching a to descending trend line which has been respected for a while now and I expecting the same again but I would wait for a bearish engulfing candle once it touch the trendline before going short on this. I have marked the tp and sl for you as well.
Remember, the trade is only valid once it touch the trendline and create a bearish engulfing candle on the 4h or 1h chart.
Let me know your thought.
Trade safe and good luck.
Trade closed: target reached
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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.