Downtrend continuation on USDCAD Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Mar 31, 2016 2:30 AM

Hello, traders. Downtrend presents. Gartley formation almost completed. Looking for price to ascend to 78,6 to enter short. Good luck

Comment

⋅ Mar 31, 2016 5:00 PM

The Gartley formation was invalidated. But still... We have another chance to enter short with this Cypher.

Trade active

⋅ Apr 1, 2016 2:38 AM

The cypher completed and the orders triggered)

Comments

stcapital

⋅ Apr 1, 2016 5:30 AM

may i know what is cypher ?

Alexander_Nikitin

⋅ Apr 1, 2016 5:53 AM

It is the pattern shown on the picture above)

stcapital

⋅ Apr 1, 2016 5:58 AM

what kind of pattern is this and it leads to up or down trend?

Alexander_Nikitin

⋅ Apr 1, 2016 6:05 AM

Hey, mate... Did you come from the moon? If X point is higher than A point - this means that the pattern is bearish. Be it cypher, gartley or whatever.
tradingview.com/chart/cypherpattern/

waterman

⋅ Mar 31, 2016 3:12 AM

A very good idea ! Thanks

Alexander_Nikitin

⋅ Mar 31, 2016 5:01 PM

you are welcome))