Long AUDCAD: Gartley + Shark at Channel Support
Updated
AUDCAD has completed bullish Gartley and bullish shark patterns at significant channel support. Two unhit daily pivots sit above price to add to bullish bias. Targets are placed at .382 and .618 retracements of CD. Confluence in the PRZ:
- Bullish Gartley pattern completion
- 1.272BC projection (Gartley)
- AB=CD (Gartley)
- Bullish shark pattern completion
- 1.618BC projection (shark)
- 4AB=CD (shark)
- 2 unhit daily pivots above price
- Possible pitchfork support
- Strong channel support at PRZ
Bullish Channel:
Note: ANZ Business Confidence released within an hour. I will not be entering AUD or NZD trades until news release.
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Note
I have a limit order to add to the position at the completion of this 15m bullish Gartley:Trade closed: target reached
T1 achieved and full profit taken before NFP tomorrow, +92 Pips!
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