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Short AUDCAD: Perfect 1HR 5-0 Setup

Short
Australian Dollar/Canadian Dollar (FX:AUDCAD)  
glennmercer Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Harmonic Patterns Harmonic Patterns 5-0 Pattern AUDCAD glennmercer
5
0
harmonicpatterns harmonicpatterns 5-0pattern audcad glennmercer
AUDCAD has just completed a perfect 5-0 pattern on the 1HR TF.

Trade details:
  • Entry at the 50% retracement of BC (hence the name 5-0).
  • SL above .618BC level
  • Targets are placed at BC terminus, and 1.272/1.618 BC extensions.

Thank you for viewing!
Trade closed: target reached:
T1 Achieved, moved SL to breakeven
Comment:
snapshot
WW Contained within a parallel channel - Still Bearish
Trade closed: stop reached:
T2 SL Reached at B/E: +0 Pips

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