AUDCAD Short term entry setup based on 1H
Currently Below weekly pivot
Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
in case if the next bar will be closed below the level and below 50% of the previous bar,I will enter short using a limit order or market (depends on sitation)
"This is a short term analysis based on a 1H chart, I’m trying to post it after I see something interesting, or when I want to review the situation, I’m doing it for my own trading, and I have decided to USE TV as my main analysis platform, as I’m able to access it anywhere. Any questions are welcome. Your Likes are much appreciated."
Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe)
in a relation to previous swing Down
in case if the next bar will be closed below the level and below 50% of the previous bar,I will enter short using a limit order or market (depends on sitation)
"This is a short term analysis based on a 1H chart, I’m trying to post it after I see something interesting, or when I want to review the situation, I’m doing it for my own trading, and I have decided to USE TV as my main analysis platform, as I’m able to access it anywhere. Any questions are welcome. Your Likes are much appreciated."
Kommentar:
AUDCAD 1H bullish reversal candle is possible, wait for a 1H close