AUDCAD - Trend-Following Sell Setup!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
As per my last analysis, we know that AUDCAD is around a resistance zone so we will be looking for sell setups.
on H4: Right Chart
AUDCAD is forming a double top pattern but it is not ready to go yet.
Trigger => for the bears to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, AUDCAD can still trade trade or even break the resistance zone .
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
on WEEKLY: Left Chart
As per my last analysis, we know that AUDCAD is around a resistance zone so we will be looking for sell setups.
on H4: Right Chart
AUDCAD is forming a double top pattern but it is not ready to go yet.
Trigger => for the bears to take over, we need a momentum candle close below the gray neckline.
Meanwhile, until the sell is activated, AUDCAD can still trade trade or even break the resistance zone .
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trading Made Simple; and Rule-Based
RichTL.com
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RichTL.com
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal
Best Crypto Exchange
coincall.com/r/thesignalyst
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