AUD CAD TF H4 09.06.20 Short

2020년 6월 9일

AUD CAD H4
Sell Stop 0.93330
SL 0.94141 (Loss 60 Dollar)
TP 0.91966 (profit 100 Dollar)

Reason to sell:
1. Head and Shoulder.
2. Strong candle formation in D1 (from 3 June to today 9 June)
3. MACD divergence D1
4. Stoch overbought D1

Reason to doubt:
1. Strong up trend for D1.
2. Head and Shoulder not yet broken.
3. No strong resistance and fibonacci area

SL based on right shoulder, TP based on Fibonacci 61.8; supported by the height from neckline to head.

Risk to reward almost 1:2

Disclaimer on

Please use proper money management; may the Pips be with you :)