tntsunrise
Long

USDCAD BAT PATTERN LONG OPPORTUNITY (Weekly Income Trade)

FX:USDCAD   U.S. Dollar/Canadian Dollar
5284 23 119
USDCAD             BAT PATTERN
LONG OPPORTUNITY

Using the HIGH LOW Method, we found
that the USDCAD             has making higher high
now this BAT patterns gives us a chance
to trade a potential Higher Low
and it may start a new Bullish Trend .
The Entry Level is around 1.2545
SL below the Initial Low
Comment: Tomorrow june 9TH
There will be a live webinar
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I will cover some pairs in the webinar
and give an introduction of my weekend's course.
http://harmonicasia.com/pro-trader-course/
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now usdcad show short term buy bullish divergence ??
Reply
tntsunrise TOP hassan.saeed881994
Buy LOW. now maybe have a bounce, or small pull back, but i won't long here.
it is not low enough.

+3 Reply
Was looking at it too, but we need to be patient for a long
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Ok boss
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thank you!!!!!!really helpfull!!!!

Reply
USDCAD BAT pattern expected little one bounce

Yuan zhang, I found a small Gatley pattern inside the big one, is that correct?
Reply
nice one. there seem to be some other patterns as well - i think this Cypher is valid?
snapshot
Reply
DanielAnthony mcpeacocks
cmiiw i'm confused as well, but in a perfect cypher, XA to B retrac should be precise 38.2% or 61.8%, and then so on, btw the risk so high bro :)
Reply
Carlos_LL mcpeacocks
The Cypher Pattern Tool does not reflect the ratios of the extensions correctly. The AB extension to point C is not 1.313. If you use the Fib extension tool you´ll see that it is in fact way beyond 1.618.
Reply
mcpeacocks Carlos_LL
hmmm. i think you maybe confusion patterns here buddy, C shall be at the extension of XA leg, not the inverse extension of AB leg....this shows quite clearly the fib extension levels, and point C hitting the target zone spot on:
snapshot


also, you may use this to your benefit, it explains it quite clearly:
USDJPY - the Cypher pattern explained.
Reply
a perfect bullish bat, hopefully it will fly high!
Reply
I go long after 61.8% retracement for short term. waiting retracement back to 1.2982 and again will go short. upto 1.253 and again go long for long term.

Reply
see you in the webinar Jack thanks!
Reply
Hi...i noticed your buy setup on the usdcad at lower prices, and the short on oil at around current levels...So, if you think oil is headed lower now, i would think usdcad would head higher as they trade very inverse to one another, anyway maybe you don't consider correlations and just look at each market on it's on merits...which is fine too....thanks for all the great set-ups you put on TV!
Reply
i do consider correlations. but recently oil and usdcad is not very corellated
Reply
jeanienyc PRO tntsunrise
just my opinion; but if anything, i've noticed usdcad has stayed somewhat bid in the face of a huge rally in crude...so i think if crude dropped a few dollars the usdcad would rally quite a bit.
Reply
yes you are right. but Oil has completed the AB=CD but usdcad hasn't compelted the BAT.
some one will follow
Reply
jeanienyc PRO tntsunrise
Ah...i don't follow ew, so good to know...thank you again!
Reply
jeanienyc PRO tntsunrise
Also, thank you for your response :-)
Reply
snapshot

PLS CHECK. USDCAD UP, MEANS OIL GO DOWN, BUT OIL DID NOT GO DOWN, KEEP MOVING UP
+1 Reply
mlbo tntsunrise
what is your idea behind this? which of the two is leading?
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Is this trade still valid?
see you in webinar
Reply
please update again , thank so much
Reply
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