everything on the chart. take a look at 3 significative levels of price if it breaks the trend line.
with an hypothetical forecast of R&R and levels that price will find if it breaks the resistence.
waiting for the breakout. 130.6/7 was (in the past) an important level of price (on daily view)
bearish head and shoulder ahead the neckline is clearly broken
be patient to trade the aud/cad. I'll wait until the breakout.( I support the idea of a future short position) resistence and support levels and other opinions are represented on the chart
the chart has tested a significative resistence level and now it's time to enter in market with a short position 2 levels of take profit. anyway there is a good ratio of r/R >3
Different strategies confirm and suggest the idea of a bearish trend in the next days followed by an up movement approximately by level 0.99620 i'll keep updated the post because it could be an interesting trade.
in my opinion leg 3 is going to end approximately at level 12862
eurcad is giving me some problems.. this is my new forecast of what can happen. you can compare it with my previous one. watch my page and write your opinion about it :) have a nice trading
3 things to look at: 1_ creation of candlestick pattern( bullish) 2- creation of D leg 3- creation of C leg
this idea wants just to represent what we could observe from the market i'll keep updated this post in the future let me know what you think :) Happy Easter to everyone
complex analysis only with h&shoulders.. ( light blue line for a longer time idea) at the moment we could probably have a chance to buy.. waiting for the breakout of the neckline. ( i've also included a forecast that could suggest an idea for a " bat bearish pattern" although the chart has not created the C.
we are close to the end of leg c (2.618) there is a chance to make some money
this chart could be useful to understand in which part of the movement we are trading and also being a bit more confident when, in a smallest timeframe, we find resistance or support levels. This chart in the link (in the following line) shows an example of what i'm talking about resistance and support levels..