SergeantPringles
Short

AUDCAD - 15m - ABCD into resistance

FX:AUDCAD   Australian Dollar/Canadian Dollar
6 months ago
last week i posted an idea regarding the orange gartley at a major support zone. after taking small profits we then broke that very support zone to the downside. now we retested this area in an ABCD like pattern and already saw a decent rejection.
the overall bias is still towards upwards reversal (check out old idea for reasons) but that doesnt mean that we cant take a smallterm short here.
if we see a breakout from the consolidation i will be looking to go short if i can find a decent entry.
safest target should be a retest of the blue dashed line and should still provide decent risk reward. but trendcontinuation is still viable here as well.
6 months ago
Comment: we didnt find desired breakout but continued higher. the next zone of interest fro me will be the completion point of the bat pattern of an extended abcd move.
snapshot
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