I have noticed that Butterflies have usually failed for this pair in the past. Lets see how this one shapes up.
If PA decides to break the current structure and head down it should go all the way complete this pattern. If the PA reaches D. Go long for retest of previous structure and Targets 1 & 2. If you notice the bullish trend-line being respected. , it would give another reason to go long. at D
IF AUDUSD decides to head down without breaking B of Gartley. Then Go Long for Bullish BAT Else, Gartley Shorts are another opportunity.
Test Publish to see how far in past I can see these patterns in Published Chart. Some of them are valid some Invalid. Found during RAS training. Crimson Cypher- Green Gartley Black BAT
You may want to : Rise in Love, to D, when PA crosses B. To Fall in this love ;) When the triangle completes at D.
IF PA decide to head down. This is where it would look to head towards. Check related idea for alternate view.
Three rejections around 1.127.. Strong move above. If the pA is able to close above the current 382 , it could well go upto previous structure ( co inciding with 886 for this BAT), IF (when PA reaches D , i would look to see .
Noticed this possibility yesterday. Today BAMM is triggered, Overall trend is down, With RR >2 good one to keeo an eye on.
PA currently at strong support, but If it breaks it, would help to get this BAMM It would be 618 retracement of XA that would cause BAMM trigger. Short Targets from earlier chart being 50% retracement of XA of this BAT. this BAT. Watch for the break of the support.
Structure Top held, RSI Divergence. Expecting a retest of structure around 132500. With RR worth it.
Price has been in downtrend in last 10 days or so, And its so close to the landmark 11000. Unless there is a massive rush to cross that round number, the price may want to recoil before the jump. IF such PA leads the price to D leg, we shall go long. RR is worth it, with Fib Confluence an BAMM already triggered.
I was waiting for this pattern to trigger for over 4 hours. And in the time that i wasn't looking it not only triggered but completed TP1. What Lesson do you learn from that ?
IF PA reaches D , then Long for 382 retracement.
PA looks like going to give another chance to re-enter longs for this bullish BAT