Jimz0r
Short

IF AUDCAD hits the 1.0060 we have a nice reason to go short here

FX:AUDCAD   Australian Dollar/Canadian Dollar
24 0 2
Hello Traders!

Happy new year!
This is my first analyze for 2016 on the FX:AUDCAD            

Second trading day of 2016 and FX:AUDCAD             shows some combination of patterns, and break of structures.

First of all IF the prices break through the 1.0037 resistance level we have a potential 2618 trade.
IF the prices hits the 1.0060 - 1.0100 zone we can look to go short.

What's in that zone?
- Cypher pattern
- Bat pattern
- Gartley Pattern
- . 618 retracement + resistance structure + nice RR. Potential oppertunity to retest the lows.
- Psychological 1.0100 price level


What i'm going to then?
Following my trading plan my orders are resting now for the gartley pattern completion.
When both targets are hit and the next to patterns are still valid i'm also taking those.
I'm still backtesting all the other signal tools so not taking those at the moment.

End of my FX:AUDCAD             analyze.
Looking forward what you guys see in this market.

Wish you all the best traders!
Comment: Gartley and the bat pattern became invalid.
Because the 0,9950 level has been penetraded.
Orders are moved to the completion of the cypher pattern.
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