Looking to short AUDCAD on BCR of Ascending Trend-line
This is my 1st share and not a signal to trade,
It's purpose is to get feedback on my analysis and for my journal entries, Please tear it apart, i'm a big boy and this will only broaden my knowledge.
Waiting for a BCR of the ascending TL then cont. 3LL bearish candles. for entry criteria.
we have a BCR of death cross on 1hr time frame and 8EMA close on the Daily indicating bearish pressure
4hr MACD bearish & the BC of TL should bring 1hr MACD onside also.
Immediate Concerns: Divergence on 1hr squeeze momentum.
Entry @ 0.93050ish
S.L. @ 0.93657
T.P @ 0.92096
It's purpose is to get feedback on my analysis and for my journal entries, Please tear it apart, i'm a big boy and this will only broaden my knowledge.
Waiting for a BCR of the ascending TL then cont. 3LL bearish candles. for entry criteria.
we have a BCR of death cross on 1hr time frame and 8EMA close on the Daily indicating bearish pressure
4hr MACD bearish & the BC of TL should bring 1hr MACD onside also.
Immediate Concerns: Divergence on 1hr squeeze momentum.
Entry @ 0.93050ish
S.L. @ 0.93657
T.P @ 0.92096