TheDailyTrader_FX
Short

AUD/CAD 1H Bearish Buttertfly @ 0.94955

OANDA:AUDCAD   Australian Dollar/Canadian Dollar
This is my favorite currency pair to trade harmonic strategies as it has shown brilliant results on back testing,demo testing and is very harmonic up until today, it was first pair I ever tested and it was my only pair in my live trading portfolio for quite some time. Pair is currently setting up for nice intraday shorting opportunity forming a potential bearish butterfly pattern completing at 0.94955. RSI should be overbought at the completion of the pattern to confirm sell signal. ATR based stops above the 1.618 Fib extension of XA leg.

Trade your plan and good luck in the markets this week!!
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