A potential unified gartley is setting up on audcad for the next week. The swing identification algorithm is prex(12) on 240M timeframe.
Does price have a higher probability for continuation to 1.05XA after completion or for reversal to 0.522XA(same distance in opposite direction)?
I don't want you guys be spoonfeeders, that's why I leave this question unanswered and allow you to find the answer in your own market research. Type your comments below with you numbers.
I see ABCD on daily TF, which is valid even if it will drop to 0.933 zone. I'll skip this pattern trading opportunities, especially since there are AUD and CAD news almost every day next week and can make mess on lower TFs. But I'm interested how this UG will turn out. Nice work, Alexander.
The directional trade by the individual charting similar to AUDCAD's currency band, whereby the AUDCAD is moving to downward by the result of CAD dereciated higher than AUD by the USD (both AUD and CAD is being depreciated by USD by their interest rate differential) and result AUDCAD turned from her upper band/ceiling to lower ceiling. However, how low the AUDCAD will be pressured is based on the measurement of AUDUSD and CADUSD target zones.
Alexander_Nikitin
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@Johanes, thank you for your feedback. but my question was about historical statistical probability of the pattern. it is purely technical aproach. no fundumentals needed when you know the probability of the pattern.