USDCAD: Potential Bullish Gartley & Bearish Bat Formations

Talk about a great week of trading. (without jinxing) it we've been able to erase all of our summer drawdown & achieve new equity highs for the trading year (assuming we don't do anything dumb today).

With that being said I'm certainly taking a cautious approach to the markets & and ensuring that I don't get sucked into any type of overconfidence type of trades. (Think when Klay Thompson got hot against OKC & just started shooting from anywhere).

What we have on the charts above are 2 potential advanced pattern formations. A potential bullish Gartley & a potential bearish bat.

Also have you ever heard of the saying "You Can't Go Broke Taking Profits" Well if I released a video yesterday explaining why I think this statement is false. Along with some technical analysis on a USDJPY trade that made up for the though loser that I posted here last week. Also a look at our Syndicate equity curve. Please check it out as it may give a little more insight on my trading process & philosophy.

www.youtube.com/watch?v=PMqpkcws...

HAVE A GREAT WEEKEND!!

Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
Trade Empowered on YouTube goo.gl/IscNch

Comentário:

Keep an eye out for 8:30 as we have both USD & CAD GDP Releases

Trade ativo

Trade fechado: stop atingido:

...and there goes the undefeated week :-( Whelp, we new the losses would come, certainly expecting a few more to even out the win %