AUDCAD has completed a series of bearish patterns at an important .382 retracement level. Two bearish crabs are confluent with a bearish Gartley pattern and a bearish Wolfe Wave 2-4 parallel. To add to the bearish bias, the unhit pivot for the month of December is precisely confluent with 50% retracement of the green crab CD leg. SL is placed above WW entry with target at the December pivot/.5CD.
Confluence in the PRZ:
Bearish Gartley pattern completion
Bearish crab pattern completion (2X)
.382 Fib S/R level
Bearish Wolfe wave setup
Unhit December, 2015 pivot below price
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トレード稼働中
Nice rejection of price at top of parallel channel: