Hey guys, Here I share with you a trading idea with the AUDCAD using the 15m timeframe. What happens here is false breakout in the orange area, which gives us a buying oportunity, expecting a retracement near the orange area and a "trigger candle" (engulfing). the retracement can be given near the area or in the 50% of the distance between the current price and...
HI guys. Here I share with you my analysis in the AUDCAD using the 2h chart. The daily trend is : long. We are going to take advantage on the pinbar formed in the 2h chart. greetings from mexico.
As we see in the chart above, the price started going down and then making a retracement in the 0.5 fibonacci level. If the current candle ends as an envolving candlestick, I`ll be going short looking for a 3-1 risk reward.