Hey guys,
if you are familiar with harmonic pattern you'll know there are two Gartleys setting up on AUDCAD.
A bearish one and a bullish one, so we have a decent opportunity anyway. This is called "bracketing the market" and it could happen very often with advanced pattern formations.
Both patterns are valid, but the yellow one is in accordance with the major daily trend and it's completing right at the broken resistance that could act as support so in that case you could also shoot for extended targets hoping for a trend continuation to the upside.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
if you are familiar with harmonic pattern you'll know there are two Gartleys setting up on AUDCAD.
A bearish one and a bullish one, so we have a decent opportunity anyway. This is called "bracketing the market" and it could happen very often with advanced pattern formations.
Both patterns are valid, but the yellow one is in accordance with the major daily trend and it's completing right at the broken resistance that could act as support so in that case you could also shoot for extended targets hoping for a trend continuation to the upside.
If you want to share your viewpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
交易進行:
Blue pattern triggered!
