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PA-FX
Apr 25, 2017 5:57 AM

Two important levels to watch! Short

Australian Dollar/Canadian DollarFXCM

Description

AUDCAD where price is testing right now is an important level, if it hold i am expecting bounce down. The next level is 1,0350 where we can see reversal too.

Comment

Good move already! Double top formation and major Div. on RSI! happy pips for those who catch it :)

Comment

Correction and a 2168 trade on lower TF.

Comment

The level got broken on the 1H, looking now to see if it will go back and close in that lower range or not.

Comment

SL hunt is doe, H & S formed, TL broken :) sell the retest if you are not in yet :)

Comment

Situation update! See the pic below:

Comment

Level one clear and heading to next trouble area. Price may halt at the level shown below or make some correction.

Comment

As expected the level did hold and we got a bounce :) Tell me you did book some if not all profit??

Comment

See below:

Comments
jurgita83
I took it ALL :) I would like to jump on it on 0.618 again.
PA-FX
@jurgita83, Congrats! :)
johnjlw
I did , thanks Pierre
PA-FX
@johnjlw, Great! happy pips! ;)
jojofang0901
Very nice trade setup, thank you for sharing your idea. i have similar view on this pair as well.
nayankurup
I was hunted :-(
jurgita83
Still in :)
PA-FX
@jurgita83, Well done! same here :)
johnjlw
Hi Pierre
You mean close under that level??
Thanks for help
John
PA-FX
@johnjlw, Yeah, a close below the last 1H bull candle would make me interested :)
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