harisonhbn9718

AUD/CAD in a possible sell and indicator are overbuy

Short
FOREXCOM:AUDCAD   Australian Dollar/Canadian Dollar
Today at night, there are a interesting analysis to entry in a short position. Waoh, there are an armonic pattern bearish with possible proyection of 0.78 and 0.61 of Fibonacci of the weekly that I draw it. Also, if you look up a yellow zone, this is a great zone paint of yellow that represent a strong resistance, this is a not signal to continue bull, I do hope of this par that validate the RSI and MACD to sell it, very important, I draw in the RSI a blue line if the RSI began to do a high lower and the price is began to do a high lower, this is a signal for sell. Also, se need to validate as third point if this possible manipulation is going to accomplish if go to make a pull back in the zone resisteance once that quitting quickly all participants in the market for eating it their stop loss.

Take precaution of this par, its a great opportunity to enter a short. Tomorrow morning I go to continue make thsi analysiss.

Proyection is 0.618 or 0.782 of Fibonacci, and its accomplish, we can to take decision to see what could happening of there area.
Trade closed: stop reached:
We need to see this par very seeing up. Because we need to verify if this par confirm the support to entry in a buy, because if this dail support does'nt broke down, the par it's will come to going to up the price and broke the the descendent hhannel.

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.