USDCAD - 1 HOUR - BULLISH GARTLEY - A LOOK AT SECONDARY CHANCES
Before the close on Friday we saw the completion of a bullish Gartley pattern here on the USDCAD at 1.3054. Price immediately pushed down (causing us to adjust our targets) before closing slightly higher to end the week. For those who didn't have a chance to get involved in this opportunity, there are 2 ways that you can still do so.
1) Let a buy limit order at the original D completion price & IF price works it's way back to that level THEN you'll be filled at the same price were supposed to be filled at anyway.
2) Wait for a more conservative entry such as a retest of the lows & a hold. This is called a Double Bottom and it would provide more confirmation than the limit order that price is likely to hold that level.
As always if you have any questions, comments, or just want to share some feedback or your ideas, please don't hesitate to leave them below in the comment section.
*There's also a bigger potential bullish cypher on the 4h hour chart. I'll link that idea below*
Your Trading Coach - Akil
1) Let a buy limit order at the original D completion price & IF price works it's way back to that level THEN you'll be filled at the same price were supposed to be filled at anyway.
2) Wait for a more conservative entry such as a retest of the lows & a hold. This is called a Double Bottom and it would provide more confirmation than the limit order that price is likely to hold that level.
As always if you have any questions, comments, or just want to share some feedback or your ideas, please don't hesitate to leave them below in the comment section.
*There's also a bigger potential bullish cypher on the 4h hour chart. I'll link that idea below*
Your Trading Coach - Akil
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