A lot of news coming out this week for both CAD and AUD but on the technical side of things what I see is a bullish flag pattern forming within the C to D leg of a potential bearish bat pattern. I don't trade flags the same way i trade advanced patterns but I do like when they come back into previous structure as in this case so it's something I will certainly be keeping my eyes on to see if I will get a chance to be involved.
If so you can look to ride price action up to the potential bearish bat and then stop and reverse putting yourself short the advanced pattern. Not that this means much as I don't have that much of a bearish bias, but the Bat completion would also give us a valid C leg of a much bigger Gartley pattern located on the daily.
If you want to get a better idea of how I trade please check out my YouTube page where I have over 100 FREE trading videos posted. www.youtube.com/chan...eEks3MWZqOsvzTF_LGQg
Also for day to day insights of what I did in the markets and what lessons were learned from it check out my blog at ratiotradingmentor.com/
If so you can look to ride price action up to the potential bearish bat and then stop and reverse putting yourself short the advanced pattern. Not that this means much as I don't have that much of a bearish bias, but the Bat completion would also give us a valid C leg of a much bigger Gartley pattern located on the daily.
If you want to get a better idea of how I trade please check out my YouTube page where I have over 100 FREE trading videos posted. www.youtube.com/chan...eEks3MWZqOsvzTF_LGQg
Also for day to day insights of what I did in the markets and what lessons were learned from it check out my blog at ratiotradingmentor.com/
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