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.
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.
DanLaffas
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Had this one going since the 13th. Looking good so far :)
Akil_Stokes
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Good stuff
powertoprofit
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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.
Akil_Stokes
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I'm not sure what you mean by the "monthly side" but thanks for signing up
moneymaking
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Market just broke the flag pattern to the upside.
Akil_Stokes
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Yeah, i took some position off at structure, now looking for a pop.
HexVex
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With an avatar like that might as well put a barrel in your mouth