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$AUDCAD 07 Dec 2010

by Gav Leave a Comment

I have been watching the chart of AUDCAD over the weekend, and I thought it provide some decent short opportunities. From price action perspective, it is trading around the defined downtrend line, and moving into the resistance area defined by previous swing points. On the other hand, we have a bearish harmonic formation at around 0.9970 area. I am watching price above parity level to invalidate this setup.

Here is the…. CHART!

$AUDCAD Bearish Harmonic setup

Filed Under: Harmonic setups, Trading Journal Tagged With: 5-0, AUDCAD, FX, Trading Journal

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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