Showing posts with label USDCAD. Show all posts
Showing posts with label USDCAD. Show all posts

Sunday, 24 November 2013

USDCAD textbook shooting star at classic R on top of a bearish Gartley

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.




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.