AUDCAD@ A Pending and a Completed Harmonic Pattern

FX:AUDCAD   Australian Dollar/Canadian Dollar
404 16 13
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..!
Trade closed: target reached: First target reached, we move stoploss to breakeven. We are to close to second target.
Trade closed: target reached: 2nd target reached. One more for a 100% success to this one..
Comment: 3rd profit target reached. 100% success to this setup..!
Trade closed: target reached: 3rd profit target reached. 100% success to this setup..!
Epic trade, pat yourself in the back mate.
Fxprotrader IvanLabrie
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..?
DenizBartu Fxprotrader
Great job pal
Fxprotrader IvanLabrie
Thank you Ivan..
+1 Reply
Very nice
Fxprotrader glennmercer
Thank you mate, we are close to the 2nd one..!
glennmercer Fxprotrader
Got it! Kudos my friend, nice trade
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.
Fxprotrader IvanLabrie
Thank you Ivan.. Do you use MA's in your analysis?
+1 Reply
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