TradingView
nedi141198
Mar 26, 2019 12:49 AM

AUDCAD H&S OR FIB RETRACEMENT? 

Australian Dollar/Canadian DollarFXCM

Description

weekly: price is near resistance trendline and at 0.382 fib retracement, but as we can see, H&S pattern is forming.
daily: price near resistance zone and at 0.50 fib retracement.
DOWNTREND.
Wait for daily candle close
SELL @ 0.95150
Sl @ 0.95900
Tp @0.92860

Buy Stop @ 0.96400
Sl @ 0.94450
Tp @1.02250

Trade active

Fib retracement

Comment

100+ pips.
Set SL in profit & take 50-70% profit

Comment

Price retesting TL. Wait for cc, if bearish hold it.

Trade closed: stop reached

Price came back, hope u took some profit.
More