Introduction:
AUDCAD is showing signs of a bearish continuation pattern on the H1 chart. A sharp move down was followed by a pullback forming a bearish flag pattern.
Entry and Target:
We can enter a short trade after a confirmed breakout below the flag's lower trendline. Our target is set at 0.86533, based on the height of the preceding flag pole projected downward from the breakout point.
Stop Loss:
For risk management, we will set the stop loss at 0.88888, just above the high of the recent fractal bar.
Note: This analysis is for informational purposes only and not financial advice. Remember to conduct your own analysis and risk assessment before making any trading decisions.
AUDCAD is showing signs of a bearish continuation pattern on the H1 chart. A sharp move down was followed by a pullback forming a bearish flag pattern.
Entry and Target:
We can enter a short trade after a confirmed breakout below the flag's lower trendline. Our target is set at 0.86533, based on the height of the preceding flag pole projected downward from the breakout point.
Stop Loss:
For risk management, we will set the stop loss at 0.88888, just above the high of the recent fractal bar.
Note: This analysis is for informational purposes only and not financial advice. Remember to conduct your own analysis and risk assessment before making any trading decisions.
交易進行
Took short entry at 0.88441註釋
Moved trailing stop to above previous high on H1註釋
Moved trailing stop to above previous high on H1手動結束交易
Trade closed, 2nd trailing stop hit.
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。