TRADING LOG ENTRY #60 AUDCAD LONG
Updated
If you ignore whatever caused that insame wick there is a very nice AB=CD here, and I have no problem ignoring the wick since it is an anomoly. We have Divergence on the MACD, as well as an excellent reaction by price to the PRZ which caused several pinbars which is precisely the price action you want to see. If tradingview.com didn't require me to pay for the feature I'd include a double chart, one of them being the 15 minute chart showing a perfect 1-2-3 intry at the 0.618 retracement. Oh and btw ther is MACD divergence on the 15 minute chart as well which also includes several pinbars. And I'd also like to note the inverted head and shoulders that is rather ugly but is there none the less. Oh I also want to point out that a cypher has formed in the PRZ area further increasing the probability of this trade.
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