FX:AUDCAD CYPHER: Point B: 38.2% to 61.8% XA Point C: 127% to 141% ext XA Point D: 78.6% XC Target: TP1 38.2% CD TP2 61.8% CD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD BUTTERFLY Point B: 78.6% XA Point C: 38.2% AB 88.6% AB Point D 161% ext BC 261% ext...
-Firstly as we can clearly see we are in a down trend channel formation -We have had multiple bounces from the Top trend line which is now acting as Support -we formed double top on the 30H chart -We have also priced in lowers lowers Remember History repeats itself GoodLuck everyone
In AUDCAD currently the market is forming CD leg of our Bearish Gartley pattern and if it completes at D as expected, a good shorting opportunity will come up. Am waiting for the markets to complete the CD leg of our Gartley Pattern. Check Ur pattern ratio's before initiating any trades. Hit Like for Agreeing... Comment your views... Happy Trading !
Any correction, pullback or consolidation and I am in. This could be the start of a huge move. Lets see how it develops. If it takes off, we can study the wave personality and adjust accordingly. This is not a trade call, but just an opinion on the direction of the pair. My expectation is a huge move to the bottom structures.
FX:AUDCAD ABC correction with a double bottom, a neck to break, the price should find some resistance and start to pull back into the 61.8% retracement zone and there, the market should forge an entry. (bullish rsi divergence on oversold condition for instance) * However, find comfortable situations that allow us to enter the bullish momentum is where the focus...
Short betting that the resistance zone will hold. Tight stop and put on a trail as soon as we leave the zone towards profit.
This is another trading opportunity that has caught my attention. I am expecting this pair to drop lower once it completes the last upward leg and if it does not violate the psychological level of 1.02 which coincides with 88.6% Fib level will give us another opportunity to short this pair with an excellent risk to reward profile. However, both currencies are...
FX:AUDCAD Sell the 2618, buy the Bat... Let's see IF this top close below the first one, and IF this eventual 2618 setup become real... For that, we need the price to break the neck and to find support below it, then, we need one 61.8% retracement... ABCD basic pattern as first target... At the same time, a Bullish Bat that will be completed arround 0.9866$,...
A distinct bearish Bat pattern has formed which calls for an end to this bullish correction. Breakdown of 0.9488 support will usher in the new ear of bearish power. Good luck, Ali Sharif Azadeh, CFTe
Now we have more evidence to support this expectation, but the price is too high, the 1060 is an acceptable price, ready to play. Suggestion: the above are for reference only, please careful consideration before use, welcome to discuss
FX:AUDCAD I believe in a trend continuation, IF the price break resistance and ignore the Small Cypher pattern, i will keep search for LONG opportunities; Small cypher not yet completed (21 pips missing), stuck with previous support, now resistance, and the pressure it is almost tactile, furthermore, price action is printing lower highs and higher highs (check...
IF=THEN lifestyle with FX:AUDCAD Below Monthly Support (MN1), expectations of a downward continuation move, eventualy forging a point C for a Bearish Shark around 0.87520, point C for a Bearish Cypher around 0.85654 or even further and completing a Bullish Bat pattern around 0.76322 giving us simultaneously a "new" Low since Feb09 and an eventual strong Buy...
... eventual Bearish Bat... FX:AUDCAD Short @D Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Ratios: Safe Trades;
Confluence of Bearish Gartley & Butterfly
Here we got the audcad that have been in a consolidation state for a while, but here on the 60min we got a mini uptrend that broke and we broke below closed below previous structure low, so its a potential new downtrend we will try to catch with this pattern on a retracement! Look out for the RSI to come into the over sold area. Comments good and bad are very...
HERE IS A LITTLE AMBIGUITY, TWO BEAUTIFUL SET UP, BUT I'M NOT SURE WHICH, BUT TO BE ON THE SAFE SIDE, I'D TAKE THE STRUCTURE TRADE ABOVE . AGGRESSIVE AND GO FOR THE PATTERN. WHAT DO YOU THINK? I SEE A SCENARIO WHERE BOTH CAN OCCUR, WITH A 38.2 RETRACE OF THE PATTERN AND HEAD TOWARDS THE WALL AT THE TOP. WHATS YOUR OPINION?