Oztrade

AUDUSD - BEAR CYPHER GARTLEY - BULL BAT PATTERN

FX:AUDUSD   Australian Dollar/U.S. Dollar
28 0 0
Hi All, Again we are in a period of consolidation Day Chart is showing no signs of any breakouts, I have minimized this chart to show you some previous analysis - Trend Continuation prefect LL/LC with Outside returns then we Hit below 0.73000 and what Happens Bulls An Bears get confused what to do Buy or Sell LL/HC and HH/LC. There are 3 advanced patterns on the Radar in periods of consolidation we see advanced patterns forming for our opportunity to go long or short in this case we have them in both directions. We have the next question of entry I will be paying close attention to the 0.74000 and 0.72000 on these patterns. Based on some Technical Analysis See the blue lines indicate Time and notice the decrease in price levels being very close if not dead on these lines. If I were looking to take a long opportunity on this Bat I would be more conservative to look for the 0.71944 and also with the Gartley and Cypher Here I would look to be more conservative based on previous structure for the shorting opportunity. Also from analysis on the day chart has indicated to me where these entry levels would be more likely to be. Depending on what type of trader you are Aggressive, Conservative, Ratios, Technical and so on I think Ratio's are Good for a base entry level - when you add more technical analysis you can have a better reason for entry as we know structure leaves these clues and can help to increase your level of entry to increase your profit. If we miss a trade It doesn't bother us because all of our technical's lead to a better overall outcome - Like they say If you lose a trade and followed your rules then its still a good trade, if you break your rules and win the trade then this is a bad trade - Good Luck and Happy Trading
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