Hi guys,
this evening i want to bring your attention on this scenario on AUDCAD. As you can see on the left hand side of your screen, price is now testing a key resistance zone on the daily timeframe. Also, it has created two different ab=cd patterns (one on the daily, one on the 4hr chart) that are going to complete right at that structure level.
RSI is in overbought condition on the 4HR.
Pay attention to price action.
I'm waiting for a sell signal.
I'll keep you updated!
If you want to share your viewpoint, or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
this evening i want to bring your attention on this scenario on AUDCAD. As you can see on the left hand side of your screen, price is now testing a key resistance zone on the daily timeframe. Also, it has created two different ab=cd patterns (one on the daily, one on the 4hr chart) that are going to complete right at that structure level.
RSI is in overbought condition on the 4HR.
Pay attention to price action.
I'm waiting for a sell signal.
I'll keep you updated!
If you want to share your viewpoint, or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Nota
Awaiting for a double top:Nota
If you were an aggressive trader, you'd probably have cashed in some profits at this time
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.