SwissPips

AUD/CAD: H&S in progress

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SwissPips Diupdate   
FX:AUDCAD   Dollar Australia/Dollar Kanada
Hey guys,

I hope you enjoyed your weekend!

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 aktif
Komentar:
Target @ 0.97270
Komentar:
Strong rejection of 61.8% fib level

Komentar:
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....

Komentar:
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
Komentar:
We have a rising volume while the pair is going down = downtrend in place.

Patience patience.....

Komentar:
Let's try not to fall asleep while trading with this pair... ;o)
Komentar:
Most important M15 candle of the session in terms of volume = bearish

Komentar:
The triangle is about to break down

Komentar:
patience is finally paying :)
Komentar:
Komentar:
Took a nice profit yesterday before the news and entered again short @ 0.97650 sane target @ 0.97300
Komentar:
I am expecting one more push down, at least to complete the pattern

Komentar:
ZZZ Mode

Komentar:
I am selling any pullback
Komentar:
PB looks to be over
Komentar:
#REMINDER *** Forget this pair, even if there's a nice setup in place ***
Komentar:
nearly seeing the end of this long trade ;-)
Komentar:
PB looks over
Komentar:
TARGET AT 0.97250
Komentar:
Volume is decreasing suggesting the PB is nearly over... PATIENCE PATIENCE!
Komentar:
Just broke its corrective structure = pullback should be over now
Komentar:
Goes and test 23.6% fib level again ... yay

Trading ditutup: target tercapai:
Got out at 0.97300 ! I am done with this pair, I hope you guys made some nice profit as well !
Trading ditutup: target tercapai:
Target of 0.97250 was reached as well.

Have a good day guys!

Jesse
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