SwissPips

AUD/CAD: H&S in progress

Short
SwissPips Mis à jour   
FX:AUDCAD   Dollar australien/Dollar canadien
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

Transaction en cours
Commentaire:
Target @ 0.97270
Commentaire:
Strong rejection of 61.8% fib level

Commentaire:
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....

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

Patience patience.....

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

Commentaire:
The triangle is about to break down

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

Commentaire:
ZZZ Mode

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

Trade fermée: cible de profit atteinte:
Got out at 0.97300 ! I am done with this pair, I hope you guys made some nice profit as well !
Trade fermée: cible de profit atteinte:
Target of 0.97250 was reached as well.

Have a good day guys!

Jesse
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