AB=CD completion near a PRZ.

FX:AUDCAD   Australian Dollar/Canadian Dollar
AUDCAD             completed an AB=CD near the highs of 2014(See the link below for older post on this). For me this is a very good PRZ and gonna watch it closely next week.

If you switch to 4H you will see the divergence more clear on the RSI . As always i'm putting both aggressive and conservative entry scenario.

Like if you agree, follow and support please!
Comment: Hmmmm.... Maybe getting ready!

Comment: Behaving very well!

Comment: Nice!! A break of this level opens the way for more shorting if you are not in yet.

Comment: Yesterday we said a BO of the level is a good short?? :D

Comment: Start considering TP here!

You make charts look so beautiful
@mcuy366, ow, thank you! Easier to see the idea :)
how do you consider as a breakout, until candle close below or sell stop below low price?
@Bug, By my rules it have to close! In this case a 4H close! i never consider it a BO if no close below or above.
Bug Abozahra
@Abozahra, ok Thanks, I missed this trade , waiting for day trend line to close , but it is too late ,
@Bug, Wait for a pullback on this, it may retest the broken structure from today!
nice one
+1 Reply
Thx buddy!
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