I am looking to short the CADCHF soon. Reaching the 50 FIB level, also previous resistance. Not a huge trade but looking for a good and quick 50 pips and probably even some further downside.
Shorting this pair after that rejection pin bar candle off of resistance on the 4 hour chart.
A pin bar rejection candle formed on the 4 hour chart off of a Daily support level.
Forming a double top on the 4 hour chart. An inverted hammer printed followed by a bearish engulfing candle.
Price testing support with a double bottom forming and a pin bar about to form on the 4 hour chart.
Price testing support with a double bottom forming. Also seeing rejection candles form on the 4 hour chart.
Simple setup. Pin bar forming off of resistance and also forming a double top.
Price testing resistance, also testing upper Bollinger Band and price is in oversold Stochastic. Candles also showing weaker bullish momentum so let's see if sellers take over and bring price back down to previous support.
Price is currently testing resistance with weaker bullish candles showing loss of momentum so let's see if sellers can bring price down to previous support. Top Bollinger Band is being tested as well with Stochastic in oversold territory.
Going Long on AUDCAD. Double bottom formed and price is testing support with sellers showing weaker momentum. Might range for a bit but looking to target the next support area as my profit target.