AUDCAD Multi timeframe analysis.
This is a short trade taking the WEEKLY downtrend as my bias using the Daily all the way down to the One Minute to pinpoint my entry.
1. Weekly Downtrend Continuation
2. Price at the Gartley Pattern with perfect ratios
3. Price has spiked out of every ADR channel at the high from the Daily - One Minute
4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case
5. Enter Trade
PT1/T1: Potential Target 1 is the lower ADR channel band on the Daily timeframe (Exact price level will change over time depending on how fast price reaches it)
T1/PT2: Potential Target 2 is the lower ADR channel band on the Weekly timeframe, used to build a basket of trend positions (Exact price level will change over time depending on how fast price reaches it)
If AUDCAD pushes lower like my analysis STRONGLY suggests and how Friday closing suggests; AUDCAD will could provide a good move of over 200 Pips.
This is a short trade taking the WEEKLY downtrend as my bias using the Daily all the way down to the One Minute to pinpoint my entry.
1. Weekly Downtrend Continuation
2. Price at the Gartley Pattern with perfect ratios
3. Price has spiked out of every ADR channel at the high from the Daily - One Minute
4. A VSA entry on any timeframe is triggered at either a Weekly Pivot OR has spiked through a Weekly Pivot and pulled back closing below it in this case
5. Enter Trade
PT1/T1: Potential Target 1 is the lower ADR channel band on the Daily timeframe (Exact price level will change over time depending on how fast price reaches it)
T1/PT2: Potential Target 2 is the lower ADR channel band on the Weekly timeframe, used to build a basket of trend positions (Exact price level will change over time depending on how fast price reaches it)
If AUDCAD pushes lower like my analysis STRONGLY suggests and how Friday closing suggests; AUDCAD will could provide a good move of over 200 Pips.