Short end-of-day trade set up on AUD/CAD

7 ม.ค. 2015

Confluence of factors for short set up:

- resistance at ~0.9590 (also weekly resistance)
- inside bar formation in pull back below resistance
- 0.786 Fibonacci retracement/rejection
- hidden divergence (bearish trend continuation)

entry - below low of inside bar
stop loss - above mother bar
target - previous swing low or 1.272 Fibonacci extension