Still believe in my previous ideas for AUDCAD, which is that the pair should fall. But on 1h looks like we have head and shoulders, my tp is red line
1. Blue lines are drawn on 1d TF. Top tested 2. Green bottom line is drawn on 1w TF. Tested long time ago. 3. Red horizontal line is a open GAP, (if chart shows other wise cooment the picture). Need to closed. 4 Orange lines makes nice wedge, with top tested. Summary. on big TFs AUDCAD is trading in a big falling wedge, with price testing top now. Not all GAPs...
Long time no see! So looks like we have a rising wedge on 1h and 30 min TF: Price is close to top of the wedge, which is a good place to open sell, 1st tp is around 1,794 Tp for longer and smaller trade is that open GAP @ 1,698. Good luck and trade safe!
Last time I posted trades on WTI, they was sent to trash immediatly, so I had my time off it and I'm back to try again. Blue falling wedge enter buy at bottom 1st TP is top of the wedge, I'll post some higher TPs if top gets broken. Good luck!
Looks like nice falling wedge, if price breaks top expects these TPs.
My previous idea is working great so far, only question now is if this break out of the wedge is real or fake, if it's real then right now price is testing top of it, and getting ready for further climb up, and it means that we can expect Gold to fall more down and USDCHF to keep going up.