USDCAD 1 Day - Bearish Butterfly - 12/28/16<<>>05/02/2017
Legs A,B,C completed.
Leg D satisfied (BC 1.618) 2 days ago 1.37272
Leg D has room to play above 1.37272 some more but last nights action hit multiple walls 1.3746 candles.
Short Fib study (1.36499 - 1.37575)
.382 1.37164 - sustaining below is key 1st step down
.618 1.36910
.786 1.36729 - possible support at these levels but not confident market has reason to hold the range
Longer Fib Study (on chart):
.382 1.35541 - this is a significant price to break for large moves down
Legs A,B,C completed.
Leg D satisfied (BC 1.618) 2 days ago 1.37272
Leg D has room to play above 1.37272 some more but last nights action hit multiple walls 1.3746 candles.
Short Fib study (1.36499 - 1.37575)
.382 1.37164 - sustaining below is key 1st step down
.618 1.36910
.786 1.36729 - possible support at these levels but not confident market has reason to hold the range
Longer Fib Study (on chart):
.382 1.35541 - this is a significant price to break for large moves down
تم حذف الأمر:
The study is nullified
This i my last pre pattern effort
Will stick to patterns already verified past Leg 2/3
But enjoyed learning cypher, really useful stuff to frame daily decisions
This i my last pre pattern effort
Will stick to patterns already verified past Leg 2/3
But enjoyed learning cypher, really useful stuff to frame daily decisions
تم فتح الصفقة:
somehow i ended up on this study and not a previous one, trading is not cancelled and all apologies
تعليق:
bottom hunting for a 1.40 chasing
its a fundamental summer so keep a sharp eye out for negative Oil news and we will chase that level guaranteed
its a fundamental summer so keep a sharp eye out for negative Oil news and we will chase that level guaranteed
تعليق:
BC is now facing an AB .886 measurement (1.30336)
that .886 marked with a purple ray on the chart, we head down there below 1.30336 and the Long upside is quite pretty far up, over 1000 pip
please note this study began 500 pip ago
that .886 marked with a purple ray on the chart, we head down there below 1.30336 and the Long upside is quite pretty far up, over 1000 pip
please note this study began 500 pip ago
تم فتح الصفقة:
wow, on 05-04 didnt imagine .886 would get hit
we just verified a deep crab pattern with a 3.27 retracement as our final leg up
hunting signals for the final C move price but the upside is insanely far up from here no matter what
this could retrace down to 1.25 range if 1.29 is broken
see my other UCAD bear study for those fib levels
we just verified a deep crab pattern with a 3.27 retracement as our final leg up
hunting signals for the final C move price but the upside is insanely far up from here no matter what
this could retrace down to 1.25 range if 1.29 is broken
see my other UCAD bear study for those fib levels
تعليق:
تعليق:
sorry we verified a deep crab BC .886 that points to a 3.618 not 3.27 (typo)
تم فتح الصفقة:
notes in chart, we remain in the bull trend line
تم فتح الصفقة:
play trade entry at 1.2892
retracement from last pullback fib levels 1.1618, 2.1618 met
goal is 4.414 with a stop loss at 2.1618
retracement from last pullback fib levels 1.1618, 2.1618 met
goal is 4.414 with a stop loss at 2.1618
chatting on the Forex board user BLUE43 pointed out my XA measurement to define the AB leg was off by a fib level, so the pattern is mostly the same but now a deep crab, note that leg CD is still in progress so watch those short orders if held, expect some trending upwards before the big dive down - see chart for notes