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JSiminoski
Feb 9, 2015 4:11 AM

Patience is key Short

Australian Dollar/Canadian DollarFXCM

Description

Price has been consolidating within this long term ascending wedge pattern. Rejected the 0.99500 level and the .618 fibonacci retrace multiple times. I will look to sell around the 0.99500 area (per daily signal) down to the bottom of the ascending wedge at 0.96000. After weeks of waiting for an opportunity to short at this level I anticipate having such chance this week.

Let the market come to you. Happy Trading!
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