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Alexander_Nikitin
Nov 6, 2018 4:58 PM

usdcad. unified gartley Short

U.S. Dollar/Canadian DollarFXCM

Description

A potential bear unified gartley is setting up. It is seen by wpr(14,-20,-80) and rsi(5,70,30) reversal algorithms. Oscillator wave confirmation algorithms are frequently used by Ellioticians.

If you have this pattern in your trade plan then...

sell in 1.3144-1.3185 zone. if the zone is crossed then the pattern didn't work. first target is 1.3108, second target is 1.3085. The targets are adjusted if price action goes deeper into the yellow zone(restretch the fibs to fit priceaction and find new 0.382 and 0.618 levels).

Comment

now the pattern is completed.

Trade closed: target reached

target one is hit
Comments
asdfghjhhg
Thank you for sharing!
Alexander_Nikitin
@xMammad, great minds! :)
ICFX
GOOD TRADE! THANK YOU!
Alexander_Nikitin
@RomanZachary, you are welcome:)
weslad
Nice spot brother, I has same view with yours, expecting USDCAD to drop

Alexander_Nikitin
@weslad, great.
parkitsideways
I'm like this setup due to the oversold nature of crude oil futures right now. OIL up, USDCAD down.
nuaozrbn
nice
Alexander_Nikitin
@nuaozrbn, thanks
msuyxzhb
have this setup in my plan as well.
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