possible short opportunity, awaiting MACD and VI confirmation for entry.
Looks like AUDCAD is about to break of this ending diagonal in 4H chart. There is also MACD divergence confirming it.There may be a last move to the lows so be careful and wait for it to consolidate above the trendline before buying.I'm targetting 0.9900 area
A simple BULLISH BAT PATTERN forming on the AUDCAD LONG ENTRY @0.92608 TAKE PROFIT @1.01670 RR Ratio= 4.74 TARGET 2 @0.98566 RR Ratio= 3.15 TARGET 1 @0.96166 RR Ratio= 1.86 STOP LOSS @0.90661
Strong indication price could retest recent high ~0.723
"Bullish Bat" pattern completed on AUD/CAD dailies. Potential Reversal Zone: 0.9323 Bullish invalidation below: 0.9150 Target Price: 0.95/0.96/0.9775 Pair is currently struggling at 21-DMA at 0.9452, break above will see upside. RSI divergence from price action see, supports gains. Good to buy dips around 0.9420/30, SL: 0.9320, TP: 0.95/0.9575/0.96
go long if price close above the red line and targets in green lines
Bearish Gartley in alignment with underlying downtrend
AUDCAD is offering an opportunity for short with bearish bat AT market. Entry@0.9480 SL above X and previous structure @ .9519 TP1 at .382@0.9422 TP2 at .618@0.9385 As always, comments are welcome --------------------------------------------- If you like this, I invite you to hit LIKE and FOLLOW on: * Follow and like on: www.tradingview.com * Follow and like on:...
Read text written in the chart.
We got a short opportunity on a Bat formation at the 0,94900 even handle, with stops above the 0,95300 evne handle numbers - with trend on the AUDCAD with the overall bearish trend, remember we got a lot of news comming out this week, so look into your own trade plan and risk management to see if you should engage in the market in these market conditions. Kind...
Bat completion + fibonacci extension + RSI oversold
Still learning. Is this a Bullish valid Bat pattern? Thanks in regard!
Clean Bearish Gartley pattern setting up on 4hr chart. B leg has been breached during Friday's trading session making it a good time to place orders. This bearish Gartley is forming within an underlying downtrend so more aggressive traders may opt for extended targets. A retest of the A point or even a 127 inverted extension of the AD leg are some ideas for...
FX:AUDCAD iMPULSE LEG: Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave one gains; Can never exceed the start of wave 1); wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave); wave 4 = 38.2% to 50% of wave 3 (can never overlap wave 1 ); wave 5 = wave 1 BAT: Point B: 38.2% to 50% XA Point C: 38.2% to...