I wanted to share with you my bigger picture analysis on the AUD-CAD daily chart for a high probability trading idea. If you find this analysis useful, hit the thumbs up botton to support my work. Thank you.
The edge in this trading opportunity does not only come from the confirmed bearish cypher pattern. It is also backed up by a fibonacci confluence zone located around the level of entry (->chart).
But this is not all...
An advanced timecycle study shows also the harmonic time cycle working in this forex pair.
Conclusion: In my view the AUD-CAD should be on next weeks watchlist of every harmonic pattern/ freedom trader.
Feel free to follow this idea as I am updating it on a regular basis.
Happy Trading!
Kommentar
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It took the market a bit longer to get to a potential price reversal zone.