I don't care if you go up or down, i will trade anyway!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!
Audcadbuy
AUDCAD @ 30 min. @ surprisly Aa & Bb wave at week startTake care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
AUDCAD @ 1h @ week of decisions (50th week`16)A week of decissions stays ahead this week (50th week`16) ...
1.03975 start of extended downside trendline (november`16)
1.00947 end of extended downside trendline (november`16)
This could be an usefully long/short decission helper!
0.99394 1st high this month (december`16)
0.98427 1st low this month (december`16)
0.98439 1st test of this month low (december`16)
An OutBreak to the Up/Down Side could be also an usefully long/short decission helper!
0.97291 temporarly summer low 2016 (july`16)
0.97537 temporarly summer low 2016 (august`16)
Will both summer lows be usefully support lines? Or will they broken through?
If AUDCAD will break down (<0.97291), then are only last year lows next support lines ?
0.91754 yearly low 2013
0.93979 yearly low 2014
0.91513 yearly low 2015
0.93266 yearly low 2016
Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
Best regards
Aaron