AUDCAD | Bullish Bat + Descending Channel pattern
- Possible for Bullish bat formation - Looking for point-D
- Descending Channel pattern indicates down trend (needs upside breakout for bullish signs)
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Bat Pattern:
Point-B | 38.2% - 50% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 88.6% of XA
PRZ | 161.8% - 261.8% of BC
- Possible for Bullish bat formation - Looking for point-D
- Descending Channel pattern indicates down trend (needs upside breakout for bullish signs)
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Bat Pattern:
Point-B | 38.2% - 50% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 88.6% of XA
PRZ | 161.8% - 261.8% of BC
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.