Possible AA for Aussie Canadian.

Good afternoon Dynamic Traders,

Today I want to bring your attention to the possible long trade developing on the AUDCAD daily timeframe.

This is nearly in the position to trade and whilst doing your own analysis you will find the missing criteria.
As such you will have to be patient and wait for this but if and when it happens a long trade could be triggered.
Reading alittle more into this we could be starting W5 and please be aware of resistance just north in the form of the fibonacci figure, the figure itself and previous resistance, all clustering together, therefore after doing your own analysis if you decide to take the trade manage it accordingly.

For those of you who know this way of trading, you will see that one essential criteria is not occuring as yet and with the 'Dynamic Trader' rules should know to wait for everything to be in place before analysing again to make the decision taking into account the previous R/S/T factors.

Charts courtesy of AdvancedGet.

Have fun trading.

Clayton Farnworth.