How to trade AUDCAD with the AUD rate tomorrow

FX_IDC:AUDCAD   Australian Dollar/Canadian Dollar
The first Tuesday of the month usually has the AUD rate call.

There is some expectation of a rate cut on the AUD. However we see a good opportunity to long AUDCAD             at around 0.95.

In addition to being a round number there is a bat pattern at this level and also an M30 pattern as well.
Although I never heard Jason Stapleton to call his patterns "harmonic patterns" (he calles his pattenrs "advanced formations") Mr Carney wants him to pay 7 millions for using his intellectual property in teaching others. You can see the details here
Snehath Alexander_Nikitin
Yes, I am very well aware of the litigation against Stapleton, Larry Pesavento, FX Groundworks (Chris Hall). He keeps us update to date on a weekly basis on the proceedings. Stapleton had to stop using the word harmonics after the papers were served.
Thank you for your response.
it is not a bat pattern. B-point should be the lowest point between A and C. If so It will go beyond 61,8 of XA. I think you need to delete the description that you were mentored by Mr. Scott Carney. He may be offended by these words. Also you shouldn't try to use his approach to teach others because of intellectual property. Mr Carney regestered copyrights for "harmonic approach".
Snehath Alexander_Nikitin
Hi Alexander, thank you for pointing out my error. Point B should have been at 0.9821 (the previous level) and I had clicked Point B at the wrong level. I dont think I can change my chart now as it does not allow me to edit this.

As for Scott Carney, I know him personally and speak to him at least once in 2 days. Have had the pleasure of meeting him Face to Face and we are his authorized education partner in Asia.

Please go to for more details.
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