AUDCAD | Bullish Bat + Descending Channel pattern
AUDCAD | Bullish Bat + Descending Channel pattern
- Possible for Bullish bat formation - Looking for point-D
- Descending Channel pattern indicates down trend (needs upside breakout for bullish signs)
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Bat Pattern:
Point-B | 38.2% - 50% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 88.6% of XA
PRZ | 161.8% - 261.8% of BC
- Possible for Bullish bat formation - Looking for point-D
- Descending Channel pattern indicates down trend (needs upside breakout for bullish signs)
+ Stop loss is your friend
+ Take profit depends on your risk appetite
Harmonic Bat Pattern:
Point-B | 38.2% - 50% of XA
Point-C | 38.2% - 88.6% of AB
Point-D | 88.6% of XA
PRZ | 161.8% - 261.8% of BC