$AUD vs $CAD Weekly Chart.Flat completed |#aud #cad #fx #aussie

22 thg 9, 2017

Traders,

Since 29.07.2013 AUDCAD has been in a corrective regular flat pattern and has given us a 3-3-5 sequence till now, so expecting this correction to end for the last final [C] wave which will probably unfold into a five-wave motive sequence to complete the A-B-C ZigZag pattern.
In the regular flat:
1 - Wave-(A) developed into a ZigZag internal structure 5-3-5, ending at 1.03500
2 - Wave-(B) developed into a Zig-Zag internal structure 5-3-5, ending at 0.91502 breaking (A) wave's origin by 16 pips.
3 - Wave-(C) developed into a 5-wave ending diagonal motive structure, with a truncated 5th wave as it was unable to break iii. wave's end. Patterns orthodox high slightly broke wave's (A) end, giving us a regular flat pattern.

First target is 0.85775 ( [B] wave's low in the bigger ZigZag pattern) where many Fibonacci measurements cooperate, pointing a High-Probability reversal target.

Trade with discipline
Best

9 thg 10, 2020

Ghi chú

3 years later, haven't even touched this chart.