H1 - Bearish trend pattern.
Lower lows.
Expecting the price to move lower further in the short term after pullbacks until the strong resistance zone holds.
AUDCAD instrument shows a bearish trend with a double top reversal pattern and the bearish divergence. Take a sell entry at double top neckline with a stop loss at the top with 3 pips above. TP1 and TP2 are placed with 2 trade entries at the risk to reward ratio of 1:2.
Hi TRADERS this is my trade set up for the AUD/CAD
AUD/CAD Is coming in to a area of interest, we have a nice rejection zone, looking for sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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Am looking for Aud/Cad sell entry as it met my rules.
1) EHs
2) SR
3) BOS (Clean BOS no pullback between SR and BOS)
4) Entry on Open of last bull candle that causes SR.
0.895 could be a very good level for #AUDCAD to start a retracement that will end at 0.904. Then it will decide if going back to 0.914 or keeping the short breaking the trendline.
