Jason_stfx
Short

AUDCAD - Elliot Wave short position

OANDA:AUDCAD   Australian Dollar/Canadian Dollar
56 views
0
56 0
Bouncing of weekly resistance, rejecting fib levels starting to see major push to the downside, if we break trend line and see the right amount of volatility pushing price to the downside and bulls don't manage to break 50% retracement we should see a push to 200%. If we DO NOT! hold 50% or any other fib levels and then see a push to the downside you do not enter. We need to see a bearish push to the downside.

Go and backtest using Trend-based Fibonacci this way along with Elliot wave I find it works 100% of the time as long as you can confirm wave 1

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out