RaynLim

AUDCAD - AB=CD at Demand Zone

Long
FX:AUDCAD   Australischer Dollar/Kanadischer Dollar
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.

We believe that we should not slog our life away. Keep working to the minimum. How about 15mins a day?

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