See past AUDCAD trade idea where it bounced off broken neckline and hit TP perfectly for 60 pips profit.
Indicators:
1. Back of head and shoulders neckline (blue) is being tested at this moment @ 0.9528
2. RSI in sell zone, expecting a retrace.
Entry 1 @ current price of 0.9528
Entry 2 @0.9552 for a conservative entry
TP @ last low of 0.9435 area or next support area of 0.9400
Good luck trading! Please like so more people can benefit from these free analysis.
Let me know how I can help.
Charles V
cvfxmanagement.com
Trading made Simple.
Indicators:
1. Back of head and shoulders neckline (blue) is being tested at this moment @ 0.9528
2. RSI in sell zone, expecting a retrace.
Entry 1 @ current price of 0.9528
Entry 2 @0.9552 for a conservative entry
TP @ last low of 0.9435 area or next support area of 0.9400
Good luck trading! Please like so more people can benefit from these free analysis.
Let me know how I can help.
Charles V
cvfxmanagement.com
Trading made Simple.
Note
Good sell opportunity at current price of 0.9537, expectation is still to the downside.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.