See past AUDCAD trade idea where it bounced off broken neckline and hit TP perfectly for 60 pips profit.
Indicators:
1. Back of head and shoulders neckline (blue) is being tested at this moment @ 0.9528
2. RSI in sell zone, expecting a retrace.
Entry 1 @ current price of 0.9528
Entry 2 @0.9552 for a conservative entry
TP @ last low of 0.9435 area or next support area of 0.9400
Good luck trading! Please like so more people can benefit from these free analysis.
Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made Simple.
Indicators:
1. Back of head and shoulders neckline (blue) is being tested at this moment @ 0.9528
2. RSI in sell zone, expecting a retrace.
Entry 1 @ current price of 0.9528
Entry 2 @0.9552 for a conservative entry
TP @ last low of 0.9435 area or next support area of 0.9400
Good luck trading! Please like so more people can benefit from these free analysis.
Let me know how I can help.
Charles V
www.cvfxmanagement.com
Trading made Simple.
Comment:
Good sell opportunity at current price of 0.9537, expectation is still to the downside.
