Oztrade

AUDCAD - DAILY BAT CYPHER MULTIPLE ADVANCED PATTERNS

Long
Oztrade Updated   
FX:AUDCAD   Australian Dollar/Canadian Dollar
Hi Traders, just thought to get these patterns up for those who trade this pair - a good entry level would be in the killzone of the 78.6% or 88.6% Level. Depending on if your an aggressive pattern trader and which pattern you trade.

As always Entries, Initial Targets on Screen - targets will need to be adjusted when we have a D Completion.

Stops moved to break even if we hit our TP1

Pattern will be invalid if we violate the X LEG.
Comment:
Check your brokers data on the BAT Pattern, I believe the BAT is invalid due to the C Leg making a higher high than the A Leg - my brokers data the BUY/ASK Price shows it is higher. CYPHER is still a valid Pattern.
Comment:
Order filled
Comment:
TP1 Adjusted to 0.97423 - TP2 Adjusted to 0.98143
Comment:
Just thought to update this one - we seem to have some buying action coming on but still not yet showing signs of support. Here is an update with targets. Keep in mind this pattern is still valid unless we violate the X leg. For those who are long on either the 78.6% or 88.6% lets see where we go.
Comment:
For those who got this trade, ensure to adjust targets to meet your rules. We look to have a D completion. As USD gains momentum and CAD drops we seem to have a clear direction. Also make sure you check some recent AUDCAD Cyphers I posted up if they also meet your rules good luck.
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