AUD/CAD 135 Pattern Short (NZD/CAD commentary included)
AUD/CAD has a potential reversal/retracement if price reaches the upper resistance box and completes a 135 pattern (I remember learning about this one from Larry Pesavento). It is showing good symmetry for a 135 pattern. Look for climactic price action near the blue entry zone box to consider a short position. Look for candle reversal signals in that zone as well (i.e. closing on their low).
Also, in case anybody's watching, NZD/CAD just completed a bearish AB=CD pattern. Price could reverse there or complete a bat pattern at it multi year high zone if that pattern fails.
-Always use a stop loss
-Trade only with money you can afford to lose
-Be open to multiple scenarios
-It's okay to be wrong about anything
Also, in case anybody's watching, NZD/CAD just completed a bearish AB=CD pattern. Price could reverse there or complete a bat pattern at it multi year high zone if that pattern fails.
-Always use a stop loss
-Trade only with money you can afford to lose
-Be open to multiple scenarios
-It's okay to be wrong about anything