SHORT/SELL/BEARISH AUDCAD
Updated
#AUDCAD - Tendency: Bearish
Observations:
I - Candle sticks have formed weakness
ii - RSI shows overbought
iii - Price reached a key level at 0.8900
Note:
I - I won't take this trade until i see a more clear reversal signal on the 15min timeframe
ii - If price pullsback and rejects the 0.8800 level and begins to push lower, I will take another sell and the 3 blue lines will be my 3 take profit levels
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Observations:
I - Candle sticks have formed weakness
ii - RSI shows overbought
iii - Price reached a key level at 0.8900
Note:
I - I won't take this trade until i see a more clear reversal signal on the 15min timeframe
ii - If price pullsback and rejects the 0.8800 level and begins to push lower, I will take another sell and the 3 blue lines will be my 3 take profit levels
Like and Follow me to support more analysis
Note
Further Observation revealed that price also formed a Gartley Pattern. That means my initial observation that price might continue to shoot down was right.
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