This bullish H&S pattern will cause a decent rally, should the bulls take out the neckline.
Take profit and stop loss levels are shown on the chart.
Good luck,
Ali Sharif Azadeh, CFTe
We have a nice bullish gartley on FX:USDCAD .
Stops go below the structure support level and targets are 38.2 and 61.8 fibs
As price has big momentum, price might break 1.3233 level and then rally up.
Avto_T
Green Luck
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FX:USDCAD
I don't know for sure it the price forges point B below or above 78.6% but it seems below...
Point B:
61.8% can not touch 78.6% XA
Point C:
38.2% to 88.6% AB
Point D: (Buy option)
78.6% XA
127% ext AB
Target:
TP1 38.2% AD
TP2 61.8% AD
Check previous published ideas:
Check Ratios:
Safe Trades;
This is a Cypher pattern completion trade. Price is trading side-ward and now retesting previous highs where we see some resistance.
Since the Risk-Reward ratio is less than 1 if enter at .786 (as I add 25 pips for cut loss at X-leg), you could wait for at least 1-1 ratio for an entry.
Any thoughts?
A DAILY CLOSE ABOVE RANGE RESISTANCE INDICATES POTENTIAL FURTHER UPSIDE, A CLEAR BREAKOUT OF LONG TERM RANGE EXPOSES 1.2520's
THE 150 DAY MA THAT WAS PREVIOUS RESISTANCE ON 4H CHART HAS BEEN BROKEN, A POTENTIAL MA CROSSOVER TO THE UPSIDE CANNOT BE RULED OUT EITHER - ADDING TO FURTHER CONFIRMATION OF UPSIDE POTENTIAL
A RETEST OF PREVIOUS RESISTANCE TURNED SUPPORT...
Please leave me your comment whether you agree or disagree so we can open an discussion or if you like the chart just simply like it. Thank you for your feedback.
As WTI rejected $59 mark this might help USDCAD to gain some momentum and move from oversold levels up towards 1.255 that played resistance for last few days.
I expect price to move within a range and...
Here we got a Bat pattern with trend, RSI is about to be oversold so look out for the price action on this one.
Hope all you that check out my ideas followed the ramp we were on last week with 8 winning trades and zero loosers and 530 pip profit in the bank. I´m interested in opening a harmonic pattern chat room here on TradingView where we can change ideas and...
UPDATE : STOPPED OUT. I AM NOT TRADING THIS IDEA ANYMORE. BUT WONDERFUL PIN BAR FORMED ON H4 D1. WORTHY OF TRADING.
W1 TELLS US THAT THE BULLS ARE STRONG.
SO I WILL BE TAKING LONGS ONCE PRICE GIVES ME A GOOD RISK REWARD.
I WILL BE LOOKING FORWARD TO THE BREAK BELOW THE INSIDE BAR
FOLLOWED BY H4 CLOSING BACK INSIDE THE INSIDE BAR
THIS SIGNIFIES BEAR TRAP AND WILL...
While I like the short of this pair much better, price still illustrates that this pair is range bound. Will consider a smaller position size on the long. Confirmation of a continued uptrend will occur on breakout above 1.28500.
LIKE MOST OF THE PAIRS, I'M LOOKING FOR THIS TO FALL A BIT AND RISE, HOPEFULLY IF I GET SIGNALS I CAN GET ALL 3 MOVES. I'LL HAVE TO DETERMINE THE THIRD MOVE AFTER.
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