IF AUDCAD hits the 1.0060 we have a nice reason to go short here

2016年1月5日

Hello Traders!

Happy new year!
This is my first analyze for 2016 on the AUDCAD

Second trading day of 2016 and AUDCAD shows some combination of patterns, and break of structures.

First of all IF the prices break through the 1.0037 resistance level we have a potential 2618 trade.
IF the prices hits the 1.0060 - 1.0100 zone we can look to go short.

What's in that zone?
- Cypher pattern
- Bat pattern
- Gartley Pattern
- .618 retracement + resistance structure + nice RR. Potential oppertunity to retest the lows.
- Psychological 1.0100 price level

What i'm going to then?
Following my trading plan my orders are resting now for the gartley pattern completion.
When both targets are hit and the next to patterns are still valid i'm also taking those.
I'm still backtesting all the other signal tools so not taking those at the moment.

End of my AUDCAD analyze.
Looking forward what you guys see in this market.

Wish you all the best traders!

2016年1月6日

註釋

Gartley and the bat pattern became invalid.
Because the 0,9950 level has been penetraded.
Orders are moved to the completion of the cypher pattern.