FX:AUDCAD   Australian Dollar/Canadian Dollar
Once again we are looking at AUD but this time we are on a 4h chart with AUD/CAD             another potential reversal pattern indicating weakness in the currency. I'm loving the look of this, you can see we recently broken out from a very aggressive ascending channel creating our X point further creating our A, B, C and potential D point on the chart.

All-round we have a very good opportunity, we are trading with over a 1:3 risk to reward. I will be waiting for further confirmation before entering!

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

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Hi, im curious on how you calculate where to put your take profit?
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just shorted on a bearish gartley @h4
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are you shorting AUD buddy ?
+1 Reply
Quite possibly yes :) going into next week
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