Once again we are looking at AUD but this time we are on a 4h chart with AUD/CAD another potential reversal pattern indicating weakness in the currency. I'm loving the look of this, you can see we recently broken out from a very aggressive ascending channel creating our X point further creating our A, B, C and potential D point on the chart.
All-round we have a very good opportunity, we are trading with over a 1:3 risk to reward. I will be waiting for further confirmation before entering!
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
Do you want more trading inspiration? Connect with me below :)
Instagram: instagram.com/lewglasgow
Facebook: facebook.com/lewglasgow
All-round we have a very good opportunity, we are trading with over a 1:3 risk to reward. I will be waiting for further confirmation before entering!
The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
Do you want more trading inspiration? Connect with me below :)
Instagram: instagram.com/lewglasgow
Facebook: facebook.com/lewglasgow
📈 Master the Art and Science of Trading: sixfigurecapital.com
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📈 Master the Art and Science of Trading: sixfigurecapital.com
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.