Early bearish trade on AUDCAD
This entry is early. I know.
Why I think it is worth setting a pending order:
D1:
- we had a TK cross there (OK, it is still weak being above the cloud)
- price can bounce on the future kumo cloud bottom (resistance level)
- chikou is breaking through price (bearish)
Therefore price will probably break to the downside
H4:
- all bearish Ichimoku signs
- price just bounced off the Daily Kumo Bottom
- if price will violate the bearish fractal, it will be a nice trade to the downside.
SL 0.982
EP 0.9785
TP 0.95974 (based on D1 bearish fractal @0.95974)
Why I think it is worth setting a pending order:
D1:
- we had a TK cross there (OK, it is still weak being above the cloud)
- price can bounce on the future kumo cloud bottom (resistance level)
- chikou is breaking through price (bearish)
Therefore price will probably break to the downside
H4:
- all bearish Ichimoku signs
- price just bounced off the Daily Kumo Bottom
- if price will violate the bearish fractal, it will be a nice trade to the downside.
SL 0.982
EP 0.9785
TP 0.95974 (based on D1 bearish fractal @0.95974)
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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.