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KVE
13 พฤศจิกา 2015 เวลา 18 นาฬิกา 58 นาที

AUD/CAD: Another harmonic pattern? ลดลง

AUSTRALIAN DOLLAR / CANADIAN DOLLARICE

คำอธิบาย

I kinda forgot about this pair for a couple of weeks which I now regret since we had several harmonic patterns which developed and did what they were supposed to do...

It all comes to the fact that we are in a consolidation phase I believe within a large triangle structure.
Now, at some stage this structure has to break but I'm hoping we get one more chance to trade a possible bearish bat, as drawn in pink on the chart.

2 typical trades are on the chart, SL above X of the bat and above the previous high and X of a previous smaller bat.
2 typical bat targets, a third and small part could be left open in case we get down to that lower trendline (if below curent target 2).

ความคิดเห็น

Trade open, in loss for the moment but reversal could be iminent. AUD might get a good correction, in line with this bat, and then it will probably continue it's move up!

We never know of course, it's wait-and-see what happens next...
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