Long

AUDCAD - AB=CD at Demand Zone

Well before you went all crazy about this, this AB=CD isn't your regular harmonic pattern. I have this trading strategy that I said it's an assume but not assume technique.

First, we assume the equal distance retracement happens, which lag of better word I use AB=CD. The part that we don't assume is that we can't short it from C as the formation isn't complete.

The nice thing about this formation is that it lands on the demand zone within the buy zone. I'll treat it as a support and resistance trade and I've already long the pair with tight stop.

RaynLim

🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
instagram.com/raynlim/

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

RaynLim

Also on: