Early bearish trade on AUDCAD
This entry is early. I know.
Why I think it is worth setting a pending order:
D1:
- we had a TK cross there (OK, it is still weak being above the cloud)
- price can bounce on the future kumo cloud bottom (resistance level)
- chikou is breaking through price (bearish)
Therefore price will probably break to the downside
H4:
- all bearish Ichimoku signs
- price just bounced off the Daily Kumo Bottom
- if price will violate the bearish fractal, it will be a nice trade to the downside.
SL 0.982
EP 0.9785
TP 0.95974 (based on D1 bearish fractal @0.95974)
Why I think it is worth setting a pending order:
D1:
- we had a TK cross there (OK, it is still weak being above the cloud)
- price can bounce on the future kumo cloud bottom (resistance level)
- chikou is breaking through price (bearish)
Therefore price will probably break to the downside
H4:
- all bearish Ichimoku signs
- price just bounced off the Daily Kumo Bottom
- if price will violate the bearish fractal, it will be a nice trade to the downside.
SL 0.982
EP 0.9785
TP 0.95974 (based on D1 bearish fractal @0.95974)
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