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Short AUDCAD: Perfect 1HR 5-0 Setup
Australian Dollar/Canadian Dollar
Short
Short AUDCAD: Perfect 1HR 5-0 Setup
By glennmercer
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Updated
Oct 16, 2015
5
Oct 15, 2015
AUDCAD
has just completed a perfect 5-0 pattern on the 1HR TF.
Trade details:
Entry at the 50% retracement of BC (hence the name 5-0).
SL above .618BC level
Targets are placed at BC terminus, and 1.272/1.618 BC extensions.
Thank you for viewing!
Oct 16, 2015
Trade closed: target reached
T1 Achieved, moved SL to breakeven
Oct 20, 2015
Note
WW Contained within a parallel channel - Still Bearish
Oct 24, 2015
Trade closed: stop reached
T2 SL Reached at B/E: +0 Pips
5-0 Pattern
AUDCAD
glennmercer
Harmonic Patterns
Harmonic Patterns
glennmercer
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