AUD.CAD

Two systems triggered a
possible long (Friday AM) on the Aud.Cad

I would prefer to see additional confirmation,
however there is often a decent short term trade
available from these signals.

Please note. My intention is not to offer any form of investment or trading advice whatsoever. The system I have detailed above could easily fail miserably at any point. If you choose to follow this system be aware that you do so entirely at your own risk and that I cannot be held responsible for any losses incurred.

Good day trade opportunity Mon/Tues with around 70 points
available for short term trading, but now the worm has turned
and this pair may be in the throws of an ABC correction.

Appears to be heading North again after that minor correction.
3 signals now long.

First 50% closed off with +100 pips profit.
Balance stopped out @ +61.
Total +161

cobwebs dusted off this one

possible long on aud cad

trendline + morning star on daily

possible gartley and elliot count 5 waves up 3 down on hourly

entry 1 9000 entry 2 8970

sl 8900

tbd

the aussie dropped like a rock last night ,

watching for a possible double bottom at 8850 but not sure this is a goer

short in AUd Cad @94 overnite - possibly a bit late as the bearish butterfly on the 3 hourly not only has activated but has completed
Will sell more if it rises. currently 93.85 +15. resistance at .9460 . anything above 95 starts to look like a pattern failure.

Quote:

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Originally Posted by peat

short in AUd Cad @94 overnite - possibly a bit late as the bearish butterfly on the 3 hourly not only has activated but has completed
Will sell more if it rises. currently 93.85 +15. resistance at .9460 . anything above 95 starts to look like a pattern failure.

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Hi Peat

I dont always check this one, but the ideal BF was completed on the 8th
giving a max of 240 pips so far.

http://i36.tinypic.com/xpa244.gif