Possible butterfly harmonic pattern for short on AUDCAD

Short

Dollar australien/Dollar canadien (FX:AUDCAD)

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FX:AUDCAD Dollar australien/Dollar canadien

harmonicpatterns bearishbutterfly bearish audcad 1day

Caught sight of what could possibly be a butterfly harmonic price pattern. Price appears to be on final leg to complete pattern; would take a while to complete though. Worth the wait? Try to draw out pattern to confirm for personal confirmation. Best Wishes!!!

Commentaire:

Additionally, on the 24th of April, price closed above a strong falling trend line that had been holding since, at least, early March of 2018. Price has kept rallying ever since the breakout; however, as we all know, this "breakout" could as well end up being a fake out. What's more? The PRZ on this butterfly harmonic pattern, lines up with a previous area of support & resistance from around late August 2019. If price can break above upcoming resistance around 0.91498, then the next stop would be the PRZ

Commentaire:

Pair has finally arrived at completion zone of pattern. Time to lookout for next move down

Idées en relation

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