shomonrobie
Short

AUDCAD Short @ Pin Bar, .236 Retracement, Resistance, Wedge

FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD             Short @ Pin Bar , .236 Retracement, Resistance, Rising Wedge
Pride @ Back side of up trend line
Rising Wedge @ Daily
Divergence

I WILL WAIT FOR CONFIRMATION ON MONDAY BEFORE PLACING THE ACTUAL ORDER.
Proper Money Management is key To Success!
Alternative: Price will go up to 1.02092
1.618 Fib Extension of ABCD Swing and Previous Major Resistance in August and November 2014


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shomonrobie shomonrobie
Monthly Resistance:

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shomonrobie shomonrobie
Price could go to 1.0200 for dropping:

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I have changed the Stop Loss: 15 Pips above previous high.

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I have a funny feeling about this: THE PRICE WILL GO UP TO 1.0172 TO REACH THE PREVIOUS HIGH BEFORE RETRACE!!
Aussie is strong because of the interest rate and uncertainty in UK and EU.

CENTRAL BANKS CURRENT INTEREST RATE
SWISS NATIONAL BANK -0.75%
BANK OF JAPAN -0.10%
EUROPEAN CENTRAL BANK 0%
RESERVE BANK OF NEW ZEALAND 2.25%
BANK OF CANADA 0.50%
RESERVE BANK OF AUSTRALIA 1.50%
FEDERAL RESERVE 0.50%
BANK OF ENGLAND 0.25%

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