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
Target @ 0.97270
Comment
Strong rejection of 61.8% fib level
Comment
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....
Comment
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.....
Comment
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 @ 0.97300
Comment
I am expecting one more push down, at least to complete the pattern
Comment
ZZZ Mode
Comment
I am selling any pullback
Comment
PB looks to be over
Comment
#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 over
Comment
TARGET AT 0.97250
Comment
Volume is decreasing suggesting the PB is nearly over... PATIENCE PATIENCE!
Comment
Just broke its corrective structure = pullback should be over now
Comment
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 !
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.