SHORT/SELL/BEARISH AUDCAD

12 апр. 2020 г.

#AUDCAD - Tendency: Bearish

Observations:
I - Candle sticks have formed weakness
ii - RSI shows overbought
iii - Price reached a key level at 0.8900

Note:

I - I won't take this trade until i see a more clear reversal signal on the 15min timeframe
ii - If price pullsback and rejects the 0.8800 level and begins to push lower, I will take another sell and the 3 blue lines will be my 3 take profit levels

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12 апр. 2020 г.

Заметка

Further Observation revealed that price also formed a Gartley Pattern. That means my initial observation that price might continue to shoot down was right.