In this setup we have a bigger gartley-pattern which could add some backup to the weak (yes.) bat, together with falling and structure looking back - and the that these two combined will form when the bat reaches completion.
I'm looking for two targets.
Target 1 at retest of structure below, and target 2 for continuing down, perhaps retesting , and also 0.618 fib below.
My stop loss is not conventional for a , as my stop loss goes below X.
But, if price action breaks and continues up, then most of my reasons for entering this trade has been invalidated and there is no reason being in it.
We do find an opportunity to get long (see green box) with 2618 as already drawn. Altho, AUDCAD have been extremely volatile lately with either indecision or extreme decision. I will therefore await confirmation before entering.