FX:USDCAD BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe Trades;
As the Us Dollar continues to gain strength against the Canadian Dollar, an Ascending wedge / triangle pattern has emerged. This provides us with an opportunity to go short. I personally like to have generous size stops to prevent any stop hunting. This trend reversal trade offers a very good risk reward ratio. Targets will be the closest significant support...
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Here is a very nice bearish gartley on FX:USDCAD which is going to complete @1.3340. Very good shorting opportunity with targets @1.3190 and 1.3050. As we see we have round numbers which are more likely to be reached. Our stops should go above the PRZ. @61.8 fibs we have a very nice structure . Avto_T Green Luck ----------------------------------------- www.facebook.com
FX:USDCAD 61.8% retracement monthly chart reached; Point C for an eventual Cypher forged inside the validation zone, between 127% extension and 141% extension and showing signs of a retracement; Four targets: The first one right above the previous structure high, the 38.2% retracement; The second one, the 61.8% retracement still inside the previous structure...
Nothing detailed here, just a trading idea based on candle formation, resistance level and trend lines. Yellow highlighted square shows a bearish engulfing candle which may result a trend reversal.
Hello Traders! Today on my radar is FX:USDCAD As we see price is approaching the key resist level which will be the must watch level to go short. Currently price is moving in the wedge pattern and @1.3310 we might see the false breakout in order to test the wedge resistance and then fall down. As the price has tested this level many times, there is a...
FX:USDCAD As previously published, the price reached "the expected area", Butterfly "almost" ready to engage, however, I think there is something missing , AB=CD pattern ends slightly above, the 61.8% retracement also very close, price action printing higher lows and lower highs , looks like, or, probably one bullish pennant is being forged...
FX:USDCAD Another IF=THEN situation completed, Point D forged (and lets see if the price still below it and give us a sign to short). Nice risk/reward* Bearish SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD (also synced with previous resistance now SupportH4, and between Supports H1 and...
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A close below 1.21700 should hopefully see price back down at May lows of 1.19400. Violation of this support level could see price continue down to December highs at 1.15800.