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AUDCAD Short OpportunityHey! AUDCAD Possible Short setup: 1. Last week candle extreme bearish Engulfing 2. H&S chart pattern formation 3. FIB 50% 4. Light blue = strong support-resistance area (currently resistance) 5. Possible short-term Double TOP formation Please, don't forget to LIKE, COMMENT & FOLLOW! Thank You for your support, I really appreciate it! Have a nice day! All the best! *This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Short
by VaidoVeek
13
POTENTIONAL BEARISH SHARK PATTERN USD/JPY ON 1H CHARTHello traders,as we look USD/JPY on 1H chart(attached below the daily analysis on USD/JPY) we can see a possible bearish shark pattern as we go reach the red zone of resistance. We may have a better entry for better P/L ratio trade if price makes a spike with a false breakout above the trend line into the red zone where we have the D completion point. TECHNICALLY We can see the downtrnd 200EMA which encourages us to take the short trade. Currently price is trying to go above the descending trend line. Maybe it does but for a while as we have already RSI divergence and Stochastic at oversold levels. POSSIBLE TRADE FIRST TARGET T1 WITH 1,40 P/L RATIO AT 111,215 SECOND TARGET T2 WITH 2,10 P/L RATIO AT 110,955 BUY STOP AT 112,150 THANKS FOR SUPPORT! HAPPY TRADING!
Short
by The_Greek_Trader