AUDCAD Short then Long Setup

If this week AUDCAD can form reversal candle pattern, it may give us an opportunity to short. The ideal place to long again is the yellow zone where it has Fib ratio of the ABC structure as well as the support in red line.

* This is my personal homework only, not an recommendation.

Kommentera:

Just hit 0.382, may get some support at this level. Continue to hold from 1.00671. Target 0.96284

Trade stängt manuellt:

CAD turns weaker than AUD as OIL is dropping. Took profit from short position and wait for other opportunities.