gpuri
Short

AUDCAD H&S pattern, 550 pips move towards 0.9200 handle

FX:AUDCAD   Australian Dollar/Canadian Dollar
182 3 1
AUDCAD             making an H&S pattern. It could be a massive 550 pips move for the right shoulder completion and thereafter the previous support level at 0.9200 handle.
could use your input on this ...
thanks
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gpuri ThisTejas
I would draw the TL like this
snapshot
as there is but then it is just my opinion.
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I like it, my chart only gave me data back till Nov of 2007 so I missed the line, thanks for updating.
I'd still keep my line as target 1, your green horizontal line as target 2, and this line as target 3.
Even if price does not stop at either of the first 2 targets, it gives us plenty of time to get into smaller trades anywhere where price hiccups on the weekly chart
+1 Reply
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