Wave-Trader
Short

AUDCAD Short on corrective pattern formation

FX:AUDCAD   Australian Dollar/Canadian Dollar
1616 15 57
I am expecting trend continuation pattern formation.
Comment: Short term buy setup forming buy on solid breakout of descending channel or buy on retest of descending channel. Here is the update.

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Comment: Broken with solid impulse. No worry if you are not in stay calm and wait for the retest of broken channel and then buy which i have updated on my earlier update there are two buying place one was on breakout and second on retest on reversal channel. Here is the update Guys.

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Comment: Watching for short term buy setup.
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Comment: This is how continuation patterns work and if you are able to identify them before they complete their formation then you may be on the right side of the market.
Comment: Price currently running in expanding triangle i am expecting breakdown of short term uptrend line. if price breakdown then we may have bearish wave in the expanding triangle and breakdown of this expanding triangle is also possible.
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Can this be considered a bearish continuation pattern?
I do see the other smaller bullish pattern too
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+1 Reply
Yes this is very possible mate it can form trend continuation patterns in both ways. It is really good to be stay one step ahead from the market for better results.
+1 Reply
Wave-Trader TOP Wave-Trader
Always get guidance from your future indication mate
+1 Reply
AkashGaur Wave-Trader
will definitely keep that in mind. Just trying to stick by the rules :D
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Thats great good Luck mate
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amerhabib Wave-Trader
guru is back wellcome.
+1 Reply
Thank you very much and sorry for disconnect mate.
Reply
SO finally we have this expanding triangle formation Fxtronto.
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AkashGaur Wave-Trader
Yes sir. Like you said, Patience is the key. Great to have you back :)
+1 Reply
I really appreciate your feedback guys without your support i am really nothing thanks.
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