Akil_Stokes
Long

Potential Bullish Flag Breakout Into A Bearish Bat

FX:AUDCAD   Australian Dollar/Canadian Dollar
A lot of news coming out this week for both CAD and AUD but on the technical side of things what I see is a bullish flag pattern forming within the C to D leg of a potential bearish bat pattern . I don't trade flags the same way i trade advanced patterns but I do like when they come back into previous structure as in this case so it's something I will certainly be keeping my eyes on to see if I will get a chance to be involved.

If so you can look to ride price action up to the potential bearish bat and then stop and reverse putting yourself short the advanced pattern. Not that this means much as I don't have that much of a bearish bias, but the Bat completion would also give us a valid C leg of a much bigger Gartley pattern located on the daily.

If you want to get a better idea of how I trade please check out my YouTube page where I have over 100 FREE trading videos posted. https://www.youtube.com/channel/UCVveEks3MWZqOsvzTF_LGQg

Also for day to day insights of what I did in the markets and what lessons were learned from it check out my blog at http://ratiotradingmentor.com/
Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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moneymaking
2 years ago
Thanks for sharing Akil and Good luck to you!!
Reply
Hi, Akil. Could you please tell me what are your criteria for bat's C point?
Reply
Akil_Stokes TOP Alexander_Nikitin
2 years ago
Min retracement of 38.2 of A-B
Reply
Alexander_Nikitin TOP Akil_Stokes
2 years ago
Max - should be less then 100%?
+1 Reply
Akil_Stokes TOP Alexander_Nikitin
2 years ago
Corrcect!
Reply
moneymaking
2 years ago
Just bought AUDCAD at 0.9815, let's see if this works out.
+1 Reply
moneymaking
2 years ago
Market just broke the flag pattern to the upside.
+1 Reply
Akil_Stokes TOP moneymaking
2 years ago
Yeah, i took some position off at structure, now looking for a pop.
Reply
HexVex moneymaking
2 years ago
With an avatar like that might as well put a barrel in your mouth
Reply
HexVex HexVex
2 years ago
This was for 'moneymaking'
Reply
moneymaking HexVex
2 years ago
LOL squeeze.
Reply
HexVex
2 years ago
Lovely job! Lets see if it clears that flag high. Boc Poloz speaking in 1hr.
Reply
HexVex
2 years ago
It's Tuesday. Like Friday but earlier :/ Poloz said inflation target 2%. That's like Akil saying he's got the social security ID to prove he is Batman.
+2 Reply
powertoprofit
2 years ago
Thanks Akil, we just sign up for tradeempowered.com we will be in the monthly side soon. I have also seen some of your videos. Bless you.
+1 Reply
Akil_Stokes TOP powertoprofit
2 years ago
I'm not sure what you mean by the "monthly side" but thanks for signing up
Reply
moneymaking
2 years ago
Hey akil, I just wanted to ask that, is the flag pattern still valid since we did not completely broke to the downside. Also the market rallied little bit from the structure level. Thanks
Reply
Akil_Stokes TOP moneymaking
2 years ago
There was still a tradeable opportunity on it but I was no longer looking at it as a flag
Reply
DanLaffas
2 years ago
Had this one going since the 13th. Looking good so far :)
snapshot
+1 Reply
Akil_Stokes TOP DanLaffas
2 years ago
Good stuff
Reply
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