CHART TIMEFRAME: H1
TREND ON THE CHART TIMEFRAME: BULLISH
FACTS AND PATTERNS: Bearish Harmonic
POSSIBLE “PREDICTED” PRICE ACTION: Retracement towards Fibo 61.80% of the previous move.
AUDCAD TRADE IDEA: ( SHORT TERM – INTRADAY )
AREA OF ENTRY: 0.97300 – 097200
STOP LOSS: 0.97450
TAKE PROFIT 1: 0.97000
TAKE PROFIT 2: 0.96700
EXTENDED TARGET: 0.96350
WHAT TO WATCH: Wait for the Hourly Closing when the price comes to entry region. A strong bullish candle closing above 0.97350 would invalidate the set up.