TradingView
AlexKl
Mar 14, 2018 11:01 PM

Another possible harmonic pattern coming to an end... Short

Australian Dollar/Canadian DollarFXCM

Description

Cad pairs have been very tricky of late although reasonable data out of Canada, this currency is getting hammered across board.
No exception with the Aud/Cad pair. I'll be watching PA closely now and be very wary that the top range at around 1.0330 could still be tagged before a down move happens.

TP ranges on the chart.

Trade active

TP 1 achieved. Got a possible SHS developing. Key level 1.0010

Trade active

TP 2 reached and in record time (over 300pips in 1 week) and hence why I've closed all trades except one with SL at TP 1.

Possible bounce now off current trend.

To reach TP3 around the mid-lower 0.97 region and this I expect to be achieved over a longer period of time than of recent.
Watch for any pullbacks/bearish flags to short this further

More