AUD/CAD: H&S in progress
Updated
Hey guys,
I hope you enjoyed your weekend!
It looks like we are having a head and shoulders pattern on AUD/CAD on the H1 timeframe.
I am looking for a small rebound and if I see any bearish evidence I will short, my target will be the neckline.
I will detail the trade if I take it.
Best
Jesse
I hope you enjoyed your weekend!
It looks like we are having a head and shoulders pattern on AUD/CAD on the H1 timeframe.
I am looking for a small rebound and if I see any bearish evidence I will short, my target will be the neckline.
I will detail the trade if I take it.
Best
Jesse
Trade active
Comment
Comment
Strong rejection of 61.8% fib levelComment
Trade going well so far, but I don't think I will keep it til it reaches the neckline, it's not enough volatile. I will get out of the train at next fibo stop....
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Since I don't have any other open trade for the day I will finally keep this one but will close it in a couple of hours; we have indeed a bunch of "red" news on AUD. My final target (if reached in a couple of hours) is 0.97300. If not, I will close it manually.
Best
Jesse
Comment
We have a rising volume while the pair is going down = downtrend in place. Patience patience.....
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Let's try not to fall asleep while trading with this pair... ;o)Comment
Most important M15 candle of the session in terms of volume = bearish Comment
The triangle is about to break down Comment
patience is finally paying :)Comment
Comment
Took a nice profit yesterday before the news and entered again short @ 0.97650 sane target @ 0.97300Comment
I am expecting one more push down, at least to complete the pattern Comment
ZZZ Mode Comment
I am selling any pullbackComment
PB looks to be overComment
#REMINDER *** Forget this pair, even if there's a nice setup in place ***Comment
nearly seeing the end of this long trade ;-)Comment
PB looks overComment
TARGET AT 0.97250Comment
Volume is decreasing suggesting the PB is nearly over... PATIENCE PATIENCE!Comment
Just broke its corrective structure = pullback should be over nowComment
Goes and test 23.6% fib level again ... yay Trade closed: target reached
Got out at 0.97300 ! I am done with this pair, I hope you guys made some nice profit as well !Trade closed: target reached
Target of 0.97250 was reached as well.Have a good day guys!
Jesse
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