Short AUDCAD
d1: the price fall down from strong supply zone ( order block)
h4: the price break key level of uptrend
h1: a structure of a downtrend created
- the price pullback to the key level of down trend and make a pin bar with the volume above MA20 of volumes showed that seller start open position
- it's also the FIB 0.5-0.618 zone
- there is a big short pin bar last time showed there are big short positions
=> open a short position
Target
R:R 1: 2.15
h4: the price break key level of uptrend
h1: a structure of a downtrend created
- the price pullback to the key level of down trend and make a pin bar with the volume above MA20 of volumes showed that seller start open position
- it's also the FIB 0.5-0.618 zone
- there is a big short pin bar last time showed there are big short positions
=> open a short position
Target
R:R 1: 2.15
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.