Akil_Stokes
Long

AUDCAD: The Right Shoulder

FX:AUDCAD   Australian Dollar/Canadian Dollar
Looking at a potential head & shoulders buy set up on the AUDCAD             coming into a structure filled level. We also have a 61.8 fibonacci retracement with HTF             confirmation at that level as well. Certainly a trade I'll be keeping my eye on tonight and tomorrow for a change to get long.

Syndicate Members: Tonight's video will be discussing this opportunity.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
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Im curious if you would agree that this could be head & shoulders pattern also :?
snapshot
+1 Reply
Talk_Forex96 PRO silvi.petrov.5
Definitely. It is more visible on a daily chart for a swing.
+1 Reply
Akil_Stokes PRO Talk_Forex96
I agree, easier seen on the daily.
Reply
Akil_Stokes PRO silvi.petrov.5
Yes, we used that analysis for projecting extended targets. Good eye Silvi!
Reply
Hey Akil, the potential end of that H&S is the completion level of a potential Cypher Pattern
AUDCAD - Bearish Cypher
+1 Reply
Akil_Stokes PRO Aleksandar_Rose
Very good eye Alex, that would be an excellent opportunity to get short
Reply
Aleksandar_Rose Akil_Stokes
Thank you Akil.
Reply
Thanks for sharing!
+1 Reply
You're welcome Abozahra
Reply
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