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Steve666
14 de Mar de 2021 19:42

USDCAD .... Looking for a Reversal Bottom Viés de alta

FX:USDCAD60
U.S. Dollar/Canadian DollarFXCM

Descrição

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Keep an eye on USDCAD which may reverse with oil weakness and DXY strength

We have a evolving Deep Crab Harmonic formation on the 1hr. together with aconfluence of 2 modified Schiff Pitchforks.

Deep Crabs sometimes extend to a 1.90 XA extension which is reflected in our stop placement.

Suggested targets are market.

Do your own DD.

S.

Comentário

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This is why I wait for an entry spot rather than trying to pick a bottom:
Harmonic PatternsPitchforksDeep Crab
Comentários
UnknownUnicorn4762443
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in this Idea
if you draw fibo tool from x to A and check 0.618 level and candles behavior in the edge of this level. you easily could find that this pattern is not valid for trading.
it was better to see a chart same as this photo
Steve666
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Well it DID bottom and will probably go higher; position was stopped in and then stopped out for 55 pip loss.

ForecastCity_World
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Interesting idea👍
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