Hello traders, here we have AUD/CAD on the daily chart with a potential bearish three drives pattern.
I'd like to thank Six Figure Capital student www.tradingview.com/u/cdschultheis15/ for spotting this setup.
Price completed the 2nd price drive at the 1.272 extension and we're now completing the 3rd price drive around 1.06000.
You will need to pay close attention to price action and candlestick formations in that area for the perfect entry point.
The pattern is not as symmetrical as I would like it to be, however, I won't ignore this setup as each point forms at a key level in the market.
This is a great trading opportunity with over 1:4 risk to reward.
Thank you all for your continued support, don't forget to add me on social media :)
I'd like to thank Six Figure Capital student www.tradingview.com/u/cdschultheis15/ for spotting this setup.
Price completed the 2nd price drive at the 1.272 extension and we're now completing the 3rd price drive around 1.06000.
You will need to pay close attention to price action and candlestick formations in that area for the perfect entry point.
The pattern is not as symmetrical as I would like it to be, however, I won't ignore this setup as each point forms at a key level in the market.
This is a great trading opportunity with over 1:4 risk to reward.
Thank you all for your continued support, don't forget to add me on social media :)
📈 Master the Art and Science of Trading: www.sixfigurecapital.com
