Short

Updated

AUD/CAD: H&S in progress

Hey guys,

I hope you enjoyed your weekend!

It looks like we are having a head and shoulders pattern on AUD/CAD on the H1 timeframe.

I am looking for a small rebound and if I see any bearish evidence I will short, my target will be the neckline.

I will detail the trade if I take it.

Best

Jesse

Trade active

Note

Target @ 0.97270

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Strong rejection of 61.8% fib level

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Trade going well so far, but I don't think I will keep it til it reaches the neckline, it's not enough volatile.

I will get out of the train at next fibo stop....

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Since I don't have any other open trade for the day I will finally keep this one but will close it in a couple of hours; we have indeed a bunch of "red" news on AUD.

My final target (if reached in a couple of hours) is 0.97300. If not, I will close it manually.

Best

Jesse

Note

We have a rising volume while the pair is going down = downtrend in place.

Patience patience.....

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Let's try not to fall asleep while trading with this pair... ;o)

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Most important M15 candle of the session in terms of volume = bearish

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The triangle is about to break down

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patience is finally paying :)

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Took a nice profit yesterday before the news and entered again short @ 0.97650 sane target @ 0.97300

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I am expecting one more push down, at least to complete the pattern

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ZZZ Mode

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I am selling any pullback

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PB looks to be over

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#REMINDER *** Forget this pair, even if there's a nice setup in place ***

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nearly seeing the end of this long trade ;-)

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PB looks over

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TARGET AT 0.97250

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Volume is decreasing suggesting the PB is nearly over... PATIENCE PATIENCE!

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Just broke its corrective structure = pullback should be over now

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Goes and test 23.6% fib level again ... yay

Trade closed: target reached

Got out at 0.97300 ! I am done with this pair, I hope you guys made some nice profit as well !

Trade closed: target reached

Target of 0.97250 was reached as well.

Have a good day guys!

Jesse

SwissPips

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