AUDCAD: Major Pin Bars at Resistance
I am looking to short the pair if we see another attempt to the upside towards 1.0020.
- Two major rejections(pin bars) at the 78.6 retracement level
-A horizontal resistance at 0.9980.
-The 200-days Simple Moving Average.
-Daily RSI in overbought region
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My best regards,
Technician
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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If first target was reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game
- Two major rejections(pin bars) at the 78.6 retracement level
-A horizontal resistance at 0.9980.
-The 200-days Simple Moving Average.
-Daily RSI in overbought region
Trade forex with me, check my new website thefxchannel.com/ , vote and subscribe
Join me at twitter.com/thefxchannel
My best regards,
Technician
==================================================================
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If first target was reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game