


dakkid
AUDUSD 1H - AB=CD in play right now so my TP1 at pattern completion and will let it run. There was a 15Min Butterfly not so obvious that confirmed the upside and gave a very good entry point. There is also a 1h Bat in formation so let's see if it gets to D point...
AUDNZD - DAILY CYPHER has already given 38.2% but it retraced back to D point! Now we see a 1H BUTTERFLY. It will be a way better entry and will give more reward compared to the risk.
DAX has completed a 2618 pattern. Now it gives us a 4H inside bar. It may continue up if IB breaks up, or maybe go finish Bat Pattern if it breaks down. We'll see...
XAUUSD 1H - Two ways in Ascending Triangle (+Potential Bat if price breaks & closes above ascending triangle).
There is a potential 2618 for audcad in 15 min. Nicely broke neckline and 618 retracement is exactly at this broken structure. Also, there is a potential Cypher where D point can be the target of our 2618.
I see a H&S formation in 4H, while there is a valid Inverted H&S in 1H.
What do you think of these ab=cd patterns ? what am I doing wrong here ?
I anticipate a retracement to 618 level and short from there. Channel was broken with candle clearly outside channel. Now we want to see a pullback to 618 fibo and sell from there.