FX:USDCAD   U.S. Dollar / Canadian Dollar
Hi everyone we have a pattern on USDCAD             which in my opinion is valid. The targets are highlighted on the chart as well.

Lets see and Good Luck :)
Still in this trade
Got the same outlook, nice work :)
is this a butterfly pattern?
Hello, im looking at this pattern long time and difficult to find an entry point. The exact bearish crab is little higher and has not filled yet. I prefer to play safe and place a sell limit order there and have a better R/R ratio. According to EW the price could be forming an expanding ending diagonal and we could have one more leg up the last high. On the other hand we have a pinbar on W1 chart, mmm difficult to know........ Regards.
+1 Reply
KevinSinghDhaliwal FullTimeTrader
Hi, yes there's a possibility of making another high but have to see as you said little hard to say. Lets see
Yes Ivan below 1.3134 it will decline to 1.2834...good luck everyone
+1 Reply
I agree.
Where would you place a stop here Kevin?
I'm thinking of selling under 1.3134 to be safe, and stop above the high, but not sure yet.
+1 Reply
Hey Ivan, its hard to determine a SL on this type of patterns, so I would have to see how the pair forms up or low more etc. But yes it would be more safe to sell around your entry price.
IvanLabrie KevinSinghDhaliwal
Ah, ok. Thought so.
I don't like too wide a stop, and here I'd be forced to use an ATR based one over the high to be safe, so yes, let's wait.
+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