Fxprotrader
Short

AUDCAD@ A Pending and a Completed Harmonic Pattern

FX:AUDCAD   Australian Dollar/Canadian Dollar
a year ago
Price is moving in a rising channel, into a corrective structure. In the chart we see that we have a bearish bat pattern completion. Besides there is also a pending bullish gartley with CD still incompleted. A potential move to the down testing the bottom trendline of the channel will complete the gartley , giving also a very nice profit.

I will trade this setup enetring with three positions. Stop loss will be above X point of bat but a little higher to be above the upper trendline. As for profit targets as shown at the chart. If price reaches first target i move stoploss at breakeven at the second and third one.

Like and comment..!
a year ago
Trade closed: target reached: First target reached, we move stoploss to breakeven. We are to close to second target.
a year ago
Trade closed: target reached: 2nd target reached. One more for a 100% success to this one..
a year ago
Comment: 3rd profit target reached. 100% success to this setup..!
a year ago
Trade closed: target reached: 3rd profit target reached. 100% success to this setup..!
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Mian-Kashi
a year ago
yes have tha same view .. Good luck mate (y)
Reply
Fxprotrader PRO Mian-Kashi
a year ago
Thank you Mian.. Good luck!
+1 Reply
Beautiful...if you had looked at the daily with the 66 and 253 MAs on, you would have seen a nice resistance there as well.
Great trade.
Reply
Fxprotrader PRO IvanLabrie
a year ago
Thank you Ivan.. Do you use MA's in your analysis?
+1 Reply
IvanLabrie TOP Fxprotrader
a year ago
I add them as extra information...I do bar by bar analysis in multiple timeframes. Focus is time spent at price, or real volume.
I'll be hosting a webinar explaining this and how to use the indicators I shared.
If you want to, check it out.
You have done very well, congrats.
Reply
Fxprotrader PRO IvanLabrie
a year ago
Yes sure, i am really interested.. How can i register? Will you let us know when and what time will it take place?
Reply
IvanLabrie TOP Fxprotrader
a year ago
It'll be today, 30 minutes before the Fed news.
I'll post the link in my last charts and also in chat.
Reply
Fxprotrader PRO IvanLabrie
a year ago
Ok i will be around.. See you then..!
+1 Reply
Very nice
Reply
Fxprotrader PRO glennmercer
a year ago
Thank you mate, we are close to the 2nd one..!
Reply
glennmercer PRO Fxprotrader
a year ago
Got it! Kudos my friend, nice trade
Reply
Excellent.
Reply
Fxprotrader PRO IvanLabrie
a year ago
Thank you Ivan..
+1 Reply
Epic trade, pat yourself in the back mate.
Reply
Fxprotrader PRO IvanLabrie
a year ago
Thank you Ivan.. I tried to watch your webinar using a youtube link in your status but it didn't work.. Can you pm the link once again..?
Reply
DenizBartu Fxprotrader
a year ago
Great job pal
Reply
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