I posted an hourly pattern for USDCAD to reload short. The target would be 1.29.
Patterns to reload Shorts on USDCAD
A possible pattern on smaller TF as i posted before on this pair.
Got my short in with valid hidden divergence on 1hr TF SL at 5 pips higher than X. TP 127.2 ext of XA
On the daily, we could see and inside bar. I would put a Long position when it breaks the previous of the bearish daily candle and targeting completion of this Bat pattern.
A possible bear 5-0 after the completion of Bullish Shark. Having Pending Order at fib 50% of CD with SL at 61.8% fib CD.
Looking at stoch 4hr TF, it is a valid bear hid divergence
Look for long position in the blue box. I am waiting for divergence signal Target TP 2.12
I'm closely watching stoch and RSI on daily and weekly TF to identify hidden divergence for this setup to be valid.
Either we will have this or another pattern in the link. It is too early to determine.
This pattern compliments the other pattern i found some 2 months ago.
Here shows a potential Alt Bat pattern on AUDUSD. Dont ask me for a long ass description. Buy order 0.6878 SL @ 127.2 ext of XA. Target TP 61.8 of AD.
Selling price would be at 1.33882. Target TP would be 1.28, 1.27, 1.21. SL 1.3460.
So the move that we got invalidates the bearish crab pattern i posted previously. However the Bullish Crab is still into play at 1.1650. Pink = Bullish Cypher Yellow = Bearish Bat
5 days ago i posted this pattern for the 2nd wave up completion at 1.1480. Will be going short and targets 1.1330/40 before going Long again to complete C Bullish Crab.