If the smaller bear Gartley fails there is a larger bear bat setting up at better trade location and also in alignment with underlying downtrend
FX:AUDCAD Sell the Breakout, Buy the Bat Safe Trades;
FX:AUDCAD Safe Trades;
Bearish Gartley in alignment with underlying downtrend
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FX:AUDCAD Safe Trades;
Bearish trend continuation opportunity in underlying bearish trend: 1. Price testing previosly broken support zone 2. Fib retracement confluence 3. RSI overbought 4. Harmonic AB=CD pattern
I posted this late, so am already in profit but this is just the beginning we got lot more to go ! Trend line broken in 4hrs and daily time frame & it has already retraced, its ready to be bought. MACD crossing in daily time frame. perfect risk/reward ratio.
It´s been a slow week, market´s are still heavily trending, we had a trade on the NZDUSD yesterday a cypher at the resistance. Here today we got a trend continuation trade on this bearish trend with an advanced Cypher formation at the structure resistance. RSI is about to get over bought. Our PRZ level are 0,94670, stops above X structure resistance + the 0,94900...
So far news from AUD has helped establish a flip-flop of Support become Resistance. Looking now for price to retest daily and 60min demand below .9500
FX:AUDCAD Safe Trades; open.spotify.com
FX:AUDCAD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6%...