PAIR: AUDCAD

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.

ACCURACY: 89%

AUDCAD TRADE IDEA: ( SHORT TERM – INTRADAY )

TRADE: SHORT

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.

FOR MORE UPDATES

AUDCAD-H1

Source: http://www.fxters.com/audcad-trade-setup-potential-short-opportunity-dec-12th/

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