Well it seems like we have got "The Convergence", textbook shooting star, classic Resistance, divergence in RSI and rejected by a bearish Gartley x. While I am fighting with my inner contrarian saying "what seems too good to be true usually is too good to be true", on the other hand I think USDCAD is an honest chap, when it displays its weakness it will usually go down (taking its own sweet time though). Having say that, I would not jump straight into it, rather I would wait for consolidation slightly below X and let some buyers' rage eases before considering to enter.
Showing posts with label USDCAD. Show all posts
Showing posts with label USDCAD. Show all posts
Sunday, 24 November 2013
Thursday, 21 November 2013
USDCAD bearish Gartley at classic R
A bearish Gartley within a bearish Gartley, price is bumping the PRZ with strong momentum, enter gently on this, good luck!
Wednesday, 20 November 2013
A juvenile bearish Bat on USDCAD forming in the PRZ of a mother bearish Bat/Gartley pattern
For those who missed the earlier entry for a Gartley/Bat double pattern, a small bearish bat spotted with entry around 1.0504-1.0508. Do have a look. Good luck trading.
Subscribe to:
Comments (Atom)


