Get started
amanpaulbhogal

Short end-of-day trade set up on AUD/CAD

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
amanpaulbhogal  
FX:AUDCAD   Australian Dollar/Canadian Dollar
Inside Bar Support and Resistance 786 Fibonacci Retracement hidden-divergence-stochastic Hidden RSI Divergence pullback
4
0
insidebar supportandresistance 786fibonacciretracement hidden-divergence-stochastic hiddenrsidivergence pullback
Confluence of factors for short set up:

- resistance at ~0.9590 (also weekly resistance)
- inside bar formation in pull back below resistance
- 0.786 Fibonacci retracement/rejection
- hidden divergence (bearish trend continuation)

entry - below low of inside bar
stop loss - above mother bar
target - previous swing low or 1.272 Fibonacci extension

Related Ideas

amanpaulbhogal
AUD/CHF shorting signs
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.