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JakeStJohn
Nov 17, 2019 9:04 PM

AUDCAD H4 Sell Short

Australian Dollar/Canadian DollarFXCM

Description

AUDCAD H4 Sell:
- Broken strong support level
- Retested the breakout area (neckline)
- Seeing signs of rejecting newly formed resistance
- Rejection of 50% fib level

Need confirmation:
- Price rejects the resistance level and continues to fall

Entry:
- Enter between: 0.90200 - 0.90100
- Stoploss: 0.90500 - 0.90400
- Take profit: 0.89000 - 0.88900
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