VasilyTrader

AUDCAD: Flag Pattern & Trading Plan for Today!

做空
FX:AUDCAD   澳元/加元

AUDCAD has recently broken below a major trendline.
now the price retests it.

the last 8H candle closed forming a dodji with rejection so it looks like for now bearish pressure remains stable.

to catch a bearish continuation I would suggest being focused on a bearish flag pattern on 1H.
local horizontal resistance cluster is ahead of bulls and bearish reaction to that will be highly probable.

your trigger will be a bearish breakout of a flag (1H candle close below its support), then you can initiate short.
I would prefer retest entry but aggressive action is possible as well.

initial goal:
0.9522

safest stop is above the last flag's high.

in case of a bullish violation of the underlined yellow area, setup will be invalid.


✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。