Couple of patterns on USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
Hey traders,
i'm already involved in a USDCAD             trade, but for educational purpose i want to share with you this setup in lower timeframe.
As you can see in 4hr chart, we broke and closed below X, that invalidates our previous pattern (even though we're still in that trade) giving us reason to believe price is heading lower. Considering that, i search for selling signals down on 1hr and 15m timeframe.
In 1hr chart we can see we have a nice bearish Gartley that completes at previous support that was broken. With such a small B, we'd get a inverse risk to reward ratio; that's way i would enter this trade some pips above the completion just to have a 1:1RR.
In the meantime you can trade also the smaller Cypher and you could set second target up to D Gartley's completition.
I'm not entering any of those cause i'm already involved, but i hope you find it useful.

If you have any question, please ask.
Otherwise, see you in the next chart!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano:
Ultimo video:

If you agree, like this chart! Thanks
My last (english) videoanalysis here:
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out