Double bottom @daily support // IF=THEN ®

23 thg 11, 2015

AUDCAD

With a double bottom at daily support, the price rally and found support @0.966 forging a daily resistance (also H4 and H1 resistance);
After that, the price start a retracement that i expect to hit the 61.8% retracement below weekly resistanceW1 (broken, can act as support now);
IF the price hit my expectations, i will THEN seek an argument to allow me to enter the market buying it with a first target at daily resistance @0.9662 and one eventual second target at monthly resistante @0.9748 (the second target as a basic pattern, where A to B leg is equal to C to D=Monthly Resistance) AB=CD*

Safe trades;