Trade idea - AUDCAD Long

14 Ağu

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.

14 Ağu

Not

3M

Pattern within pattern potentially in play.
Inverse Head & Shoulders, Bullish M.

Clear support & resistance zone is there.

Ascending trend line holding up price.

14 Ağu

Not

WEEKLY

Double bottom pattern can be in play with the fake out towards that 3M zone.

Clear support & resistance zone is there.

14 Ağu

Not

DAILY

Bullish impulse / new HH: indication.

Bullish M pattern: confirmation.

Clear support & resistance zone is there.

Ascending trend line holding up price.

15 Ağu

İşlem kapandı: durdurma seviyesi

-1%. Volatility around 3 AM because of news. Potentially looking for re-entry.