Good morning guys.
I have looked at a few of the AUD pairs and found a bullish shark on the AUD/CAD at a strong level of support (will be published later). In addition, I have now came across this Gartley pattern, also hovering around a strong support/resistance zone. I will be looking for bullish sentiment in the coming week or so through fundamental releases to add confluence to the bullish pattern.
The bigger picture can be seen below, where price has previously stalled/reversed around the D level.
Gartley ratios:
X:B = 61.8%
A:C = 38.2%:88.6%
B:D = 127.2%:161.8%
X:D = 78.6%
I have looked at a few of the AUD pairs and found a bullish shark on the AUD/CAD at a strong level of support (will be published later). In addition, I have now came across this Gartley pattern, also hovering around a strong support/resistance zone. I will be looking for bullish sentiment in the coming week or so through fundamental releases to add confluence to the bullish pattern.
The bigger picture can be seen below, where price has previously stalled/reversed around the D level.
Gartley ratios:
X:B = 61.8%
A:C = 38.2%:88.6%
B:D = 127.2%:161.8%
X:D = 78.6%
Comment:
Here is a generic overview of the pair
