Trade idea - AUDCAD Long
Updated
4H
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Instant market execution Buy.
1% risk.
Bullish M pattern & Bullish Fake Out flag pattern as extra evidence.
Corrective approach towards entry zone.
-68 Fibonacci completion aligning with entry zone.
= Instant market execution Buy.
1% risk.
Bullish M pattern & Bullish Fake Out flag pattern as extra evidence.
Note
3M
Pattern within pattern potentially in play.
Inverse Head & Shoulders, Bullish M.
Clear support & resistance zone is there.
Ascending trend line holding up price.
Note
WEEKLY
Double bottom pattern can be in play with the fake out towards that 3M zone.
Clear support & resistance zone is there.
Note
DAILY
Bullish impulse / new HH: indication.
Bullish M pattern: confirmation.
Clear support & resistance zone is there.
Ascending trend line holding up price.
Trade closed: stop reached
-1%. Volatility around 3 AM because of news. Potentially looking for re-entry. 
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