The demise of the CAD begins now - a chance to long AUDCAD
The CAD has been quite strong last week mainly and now we have a chance of seeing this reverse. The last drop was almost 500 pips and there is a chance to ride this up.
1) I see a Gartley pattern that has already triggered.
2) There is a m15 crab pattern at the last weekly low.
I will look to go long around 0.9855 with about a 50 pip SL.
1) I see a Gartley pattern that has already triggered.
2) There is a m15 crab pattern at the last weekly low.
I will look to go long around 0.9855 with about a 50 pip SL.
Trade active
Took the trade at 0.9860. High impact news for CAD in 6 hours so hope this can be protected quickly.Trade closed manually
Trade is out at breakeven. Will look for shorting opportunities next week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.