Timing is key

AUDCAD Daily finding the TRUE support line!!

FX:AUDCAD   Australian Dollar/Canadian Dollar
242 4 6
Sometimes the TRUE support line is hiding in plain view....We have nice confluence with a possible Double Bottom and a nice Action/Reaction Set....Early days yet....a good one to stalk around the lower parallel of the pitchfork . A good TP shorter term would be the next blue dotted parallel a break of that and off to the median line we go!!

Comment: After taking out 95156 and again finding the "True" support "dotted white line" we got the crack we were looking for...next target @ Median Line / next white dotted line. nice explosive move.
Still thinking long?
Timing is key IvanLabrie
Swings tops not breached yet....Needs to buildup a sideways back & forth a bit more..If it takes out a clump of tops and then push back into the lower parallel......I will sharpen the BUY button!
+1 Reply
Timing is key Timing is key
You can almost see it building sideways. Should pullback into the fork lower parallel by around Jan 2016...let's see
IvanLabrie Timing is key
I was long then booked near the top.
Waiting, like you my friend.
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