My first attempt to harmonics pattern trading.
USDCAD 0.05% seems to complete the Gartley pattern , heading now to C-D formation.
Sell on break of counter-trendline, target at around 1.243 area.
Please let me know your feedback so I can learn from them.
Thanks.
USDCAD 0.05% seems to complete the Gartley pattern , heading now to C-D formation.
Sell on break of counter-trendline, target at around 1.243 area.
Please let me know your feedback so I can learn from them.
Thanks.
Comment:
Market is not yet breaking our counter-trendline but it's losing steam already due to a divergence.
Comment:
Our alarm was triggered, breaking the counter-trendline but I was hesistant to place a trade because it was Friday and market is about to close.
Placed another counter-trendline hoping to have it break by next week, but the market broke it at the last candle.
Should we place a trade on a "fakeout" Monday?
Placed another counter-trendline hoping to have it break by next week, but the market broke it at the last candle.
Should we place a trade on a "fakeout" Monday?
Comment:
Market pull-back well to our previous counter-trendline that it broke last Friday on its last 4-hour candle.
We are looking to enter a trade when the market will break the previous support.
We are looking to enter a trade when the market will break the previous support.
Comment:
We are getting a “fakeout” or “bull trap” yesterday. Good thing we aren't on the trade yet as it would hit our stop loss.
Waiting for the new entry area to break.
Waiting for the new entry area to break.