Potential Buying Opportunity

٨ أكتوبر ٢٠٢٣

As you may know, AUDCAD is currently on a Bearish Trend, which means that buying at this pair is a counter-trend move.

However, I wanted to let you know that the Bullish Shark Pattern has been completed on the Weekly Chart with an RSI Divergence.

There are two ways to engage with this pattern. The first is the Bullish Gartley Pattern, which has warning signs that it is completing on the 4-hourly chart at 0.8603. The second is completing on the 1-hourly chart at 0.8650.

Given these options, which one would you prefer to choose? Let me know your thoughts and we can discuss further.