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 ist aktiv

Kommentar:

Target @ 0.97270

Kommentar:

Strong rejection of 61.8% fib level

Kommentar:

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....

Kommentar:

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

Kommentar:

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

Patience patience.....

Kommentar:

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

Kommentar:

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

Kommentar:

The triangle is about to break down

Kommentar:

patience is finally paying :)

Kommentar:

Kommentar:

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

Kommentar:

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

Kommentar:

ZZZ Mode

Kommentar:

I am selling any pullback

Kommentar:

PB looks to be over

Kommentar:

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

Kommentar:

nearly seeing the end of this long trade ;-)

Kommentar:

PB looks over

Kommentar:

TARGET AT 0.97250

Kommentar:

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

Kommentar:

Just broke its corrective structure = pullback should be over now

Kommentar:

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

Trade geschlossen: Ziel wurde erreicht:

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

Trade geschlossen: Ziel wurde erreicht:

Target of 0.97250 was reached as well.

Have a good day guys!

Jesse