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AUD/CAD Potential Bearish Bat Harmonic Pattern Formation

Published 09/22/2018, 07:45 AM
Updated 07/09/2023, 06:32 AM


Pair / Instrument:AUD/CAD
Time Frame: H4
The trend in the Timeframe: BULLISH
The trend in the Daily Chart: BEARISH

Description: A potential bearish Bat Pattern formation on H4 Chart. If the pair closes above Fib 61.8% of XA Leg 0.94300, the bullish move will be triggered and the pair is likely to complete the Bearish Bat pattern at D. A bearish correction may take place at D.


AREA OF THE SHORT ENTRY: 0.94700 – 0.94950

STOP LOSS : Above X 0.95200 – 0.95400

TARGET 1: 0.94500

TARGET 2: 0.94000

This chart has been published for educational purposes only and cannot be considered as a trading advice.

This analysis prepared by the global analysts of Chartreaderpro.com and published on Investing.com. Commercial distribution is strictly prohibited.
AUDCAD

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