audcad completed an ab=cd pattern i am expecting a pullback to happen as prices are failing to continue bullish impulses. RSI shows bearish
audcad sell
- ab=cd
- RSI divergence
- RSI overbought
entry: ideally, let some news impulse the bulls once again. if it fail to break last high then we can short at the peak or after.
sl: at high or 10 pips above
tp: fib levels
audcad sell
- ab=cd
- RSI divergence
- RSI overbought
entry: ideally, let some news impulse the bulls once again. if it fail to break last high then we can short at the peak or after.
sl: at high or 10 pips above
tp: fib levels
Comment:
failed to break high and make another bull impulse.. if stopped out you can re enter
Comment:
about 10 pips away from tp1
positions re entered went to profit
positions re entered went to profit
Trade active:
tp1 was hit. tp2 still holding
Trade closed: target reached:
tp1 and 2 were hit. sucessful trade
David K Giraldo