AUD/CAD

visually looking at your far away chart looks like 1,2,3,4 done an early stages of a 5

remo wrote: This has been playing out perfectly
Now theres a hammer forming right at the main trend line bounce.
This should be a free trade now

heres a chart from a far.
If your into elliott then maybe worth trying your count on this

had 5 mins - so quick n dirty chart

dl.dropboxusercontent.com/u/40497882/aud_cad.JPG

This is a good example of why i only ever trade the first touch basis of a trend line
You can see how this bounced of nicely from the trend line but then a few days latter re-tested it and failed. Thats why its dangerous to re-enter on a test a few days latter. This is why short term trading rocks
First attempt means exactly that

Looking good for a long Remo?
This is in a channel since April 2011!

One to keep an eye out on this week
Possible 123 low forming. If this breaks out ,it would also be a channel break so should fly.
Long above 0.9640 stops below 2 point.


dl.dropboxusercontent.com/u/4899609/audcad22ndjuly.png

This is still in the channel. You can see the power of a channel in this