FX:USDCAD   U.S. Dollar / Canadian Dollar
Looking to sell USDCAD to potencial 2618 trade, perfect double top second impulse longer that the first at 0.618 fibo retracement.

First take profit based on support and second on the 0.27 fibo retracement
Trade active: Trade running +140 pips

Looking forward at TP1 and TP2 of the 2618

Trade active: ABCD pattern formation for trend continuation, looking at support as first tp

Trade active: USDCAD hit TP1 making this a +200 pips move since our 2618 entry

take partial, close trade our wait four second take profit at the -0.27

Trade active: Price failed to touch the -0.27 (Second TP in place) for around 3 pips. Bigger amount of pips running in this trade was +280. Price could still reached the second TP level but same structure confirmes bigger advanced pattern formation to ride longs.

Hope you took this move

Comment: What we could expected at the moment where prices is at

Trade closed: target reached: Trade close and secure the toal move of +285 pips from our 2618 entry
btocastillon ZahidG.Banuelos
@ZahidG.Banuelos, Delicious!
This is solid. Great analysis!
btocastillon JFibonacci
@JFibonacci, Thank you!
Looks like it's going to test the 618 level for a second time. So better to buy at 1.3232 - 1.3260 area then short again :) There is also a small 2618 trade going on but bullish to the 1.3232 zone. Just my 2 cents. What do you think ?
dakkid dakkid
@dakkid, Sorry for the typo I meant "better to buy now and TAKE PROFIT at 1.3232 - 1.3260 area"
@dakkid, remember that bigger timeframes dictate the prices tendency
+1 Reply
dakkid btocastillon
@btocastillon, Yep, thanks for the reminder !
excelente trade y tecnica, eres el master , un abrazo a la distancia !
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