AUDCAD:Potential Bearish AB=CD Pattern and the 1.618EXT
Updated
The bearish AB=CD pattern is completing at 1.035 level and 1.618EXT of the AB is at 1.040 level.
Meanwhile the most important is that the previous structure is also at this zone.
So it is good to sell short at 1.035-1.040 levels when bearish candles appear.
SL:above 1.040
TP1:1.015
TP2:0.997 and further more
Meanwhile the most important is that the previous structure is also at this zone.
So it is good to sell short at 1.035-1.040 levels when bearish candles appear.
SL:above 1.040
TP1:1.015
TP2:0.997 and further more
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