AUDCAD Heading South
A nice entry with a relative low risk and high reward. The structure of market looks bearish, and no continuation of an imporant level occured that it would had remained bullish.
The spike might pull you off, as you would like to draw the triangle at the low of that point of the candle. I belief with a better look at it, it isn't the low itself.
In this case you can target the whole fill of that spike as well.
Their are 2 targets in place
Please note: in this analyse I have NOT included volume.
The spike might pull you off, as you would like to draw the triangle at the low of that point of the candle. I belief with a better look at it, it isn't the low itself.
In this case you can target the whole fill of that spike as well.
Their are 2 targets in place
Please note: in this analyse I have NOT included volume.
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.