Buy after breakout

1 jul 2018

It seems that AUDCAD has formed a potential bullish structure:

• Wave (1) or (A) is a 5-waves impulse
  
• subsequent Wave (2) or (B) is a 3-waves corrective 'flat' and it has retraced approx. 61.8% of wave (1) or (A) that is also near the end of sub wave 4 of (1) or (A)
  

If the above assumption is correct, a push above 0.97899 could be an early indication that wave (3) or (C) is under way

3 jul 2018

Nota

we could count a bullish impulse on 15 mins chart
close above 0.97429 would suggest another impulsive rally is under way

3 jul 2018

Nota

6 jul 2018

Nota

but signal from Guppy-EMA

6 jul 2018

Operación activa

10 jul 2018

Nota

raised my stop to breakeven
let's wait for Guppy-EMA's bullish confirmation on 4 hours chart

11 jul 2018

Operación cerrada: precio stop alcanzado

11 jul 2018

Nota

no confirmation from Guyyp-EMAs on 4 hours chart, could be more complex wave (2) or (B)

11 jul 2018

Nota

11 jul 2018

Nota

31 jul 2018

Nota

if the above count is correct, we should see a motive wave(either impulse or diagonal) rising from the recent bottom