AUD/CAD has prepare to a short position in Daily
Hello guys and good morning. In this technican analyisis very interesting we are a possible to put in short in Daily or H4, firstly I want to show anything to take in watching:
In H4 there are a not volume of the price movement, it's mean that the price can be to drop and has in the bulish rising wedge see in H4 or H1 timeframe
So, in Daily timeframe we are a plain to putting a decesion, so in this case the price has toch the 2.618 of Fibonacci, and so, this is a signal to put in short and the moment.
Because if i Mark a Fibonacci in daily, we are in the BAT armonic pattern and this show when we find out a BAT, the movement ofr price it's the contrary of we are see, so in this case is bearish and a strong sell in this case.
Now, if we see in weekly timeframe we are in the Shoulder Head Shoulder inverted in this timeframe, as a possible to a target profit of 200 pips approximattely to keep the position for some days until to complete. So, this is a nice technical analysisi to consider and put in short.
Also, as a referrence, I find out a bearish divergence in RSI and MACD, and also in the price action, so this is an indication what the price doens't have force to continue.
In H4 there are a not volume of the price movement, it's mean that the price can be to drop and has in the bulish rising wedge see in H4 or H1 timeframe
So, in Daily timeframe we are a plain to putting a decesion, so in this case the price has toch the 2.618 of Fibonacci, and so, this is a signal to put in short and the moment.
Because if i Mark a Fibonacci in daily, we are in the BAT armonic pattern and this show when we find out a BAT, the movement ofr price it's the contrary of we are see, so in this case is bearish and a strong sell in this case.
Now, if we see in weekly timeframe we are in the Shoulder Head Shoulder inverted in this timeframe, as a possible to a target profit of 200 pips approximattely to keep the position for some days until to complete. So, this is a nice technical analysisi to consider and put in short.
Also, as a referrence, I find out a bearish divergence in RSI and MACD, and also in the price action, so this is an indication what the price doens't have force to continue.
Trade active:
So, you can to entry now in the short!!! Beause I move my order limit to sell, because it's going as drop as butter when the drop in the flat. So, you can to entry now if you want or hope the break down of the rising wedge.
