The demise of the CAD begins now - a chance to long AUDCAD

The CAD has been quite strong last week mainly and now we have a chance of seeing this reverse. The last drop was almost 500 pips and there is a chance to ride this up.

1) I see a Gartley pattern that has already triggered.

2) There is a m15 crab pattern at the last weekly low.

I will look to go long around 0.9855 with about a 50 pip SL.

Handel aktiv:

Took the trade at 0.9860. High impact news for CAD in 6 hours so hope this can be protected quickly.

Trade stängt manuellt:

Trade is out at breakeven. Will look for shorting opportunities next week.