AUDCAD: Another Bearish Resumption Trade | #FOREX
*Update: First half was closed at first target, moved stop to breakeven, second half was closed at breakeven...
-The price has completed a bearish head and shoulders top
-Broken below the short term rising trend line
-Currently retesting 0.9790-0.9800 horizontal resistance
-The price is trading within a short term bearish channel
I am looking to short near 0.9800 level, a a pin bar at this resistance would be a great confirmation for this short.
Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
Good luck, keep your stops tight..
My best regards
Technician
-The price has completed a bearish head and shoulders top
-Broken below the short term rising trend line
-Currently retesting 0.9790-0.9800 horizontal resistance
-The price is trading within a short term bearish channel
I am looking to short near 0.9800 level, a a pin bar at this resistance would be a great confirmation for this short.
Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
Good luck, keep your stops tight..
My best regards
Technician