Akil_Stokes
Short

USDCAD: Daily Gartley Pattern

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD             VIDEO (https://www.youtube.com/watch?v=AGXymWfe-XM) Obviously I'll be playing the sidelines today due to the Non-Farm release, but for you longer term traders, we've broken past our B leg which means it's time to pay attention to the bearish Gartley .

This particular pattern comes in at a very nice level of structure (looking left) where price consolidated in the past before a markdown. This doesn't mean that the level will hold again, we never know in trading, but it does show that the market has respected this level in the past, and as a pattern trader all you should be looking for is a brief pull back.

Good luck for anyone getting involved in this one.

Akil Stokes
Chief Currency Analyst at http://www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM /
Forex Weekend Review Videos (Every Thursday):
https://www.youtube.com/playlist?list=PL3pkGkL2zWpHt7X4ZeT0w0n6hk0C8Lwx1
Here's A Free Training Lesson for you on "The Only 3 Ways to Trade"
https://buff.ly/2GLYOOQ

500+ Free Trading Videos
https://www.youtube.com/AkilStokes


Check Out The Trading Coach Podcast!
https://tieronetrading.com/the-trading-coach-podcast/
Hi Akil,

i've just watched the training for the 2618 trading system.
enjoyed it :D
Now my question for this chart/trade:

if the price hits 1.22745. should we wait to see a double top? and we have to wait until the price drops to below the higher low . then look at whether the 0618 is coming or not ? sorry for my bad english... :( lets explain it into a chart :P

:

+1 Reply
Yes that would be an example of a 2618 trade. Looks like your retracement is a little short maybe a 382 from what I see drawn on your chart but the concept is 100% correct
+2 Reply
IvanLabrie Akil_Stokes
In Elliott Wave terms, I think the double top might lead to dangerous situations.
What would be your target here?
Low retest Akil?
Reply
Akil_Stokes IvanLabrie
for a 2618 the initial target is a retest of the new structure low
Reply
IvanLabrie Akil_Stokes
I see, that'd be pretty high probability then.
+1 Reply
Akil_Stokes IvanLabrie
I wouldn't say high probability, but it's a decent opportunity if you can get the risk/reward to work.
+1 Reply
Tijmen_K Akil_Stokes
Okee Thanks for the explenation!
+1 Reply
No problem
+1 Reply
docwesley90 Akil_Stokes
Check this out...Looks like an ALT SHARK...

+1 Reply
i like the video man it makes me understand it a bit quicker and better! thanks :D
+1 Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out