AUD/CAD 135 Pattern Short (NZD/CAD commentary included)

FX:AUDCAD   Australian Dollar/Canadian Dollar
39 0
AUD/CAD has a potential reversal/retracement if price reaches the upper resistance box and completes a 135 pattern (I remember learning about this one from Larry Pesavento). It is showing good symmetry for a 135 pattern. Look for climactic price action near the blue entry zone box to consider a short position. Look for candle reversal signals in that zone as well (i.e. closing on their low).

Also, in case anybody's watching, NZD/CAD just completed a bearish AB=CD pattern. Price could reverse there or complete a bat pattern at it multi year high zone if that pattern fails.

-Always use a stop loss
-Trade only with money you can afford to lose
-Be open to multiple scenarios
-It's okay to be wrong about anything
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out