AJ_DeCarli
Short

What Is Going To Happen Next?

FX:USDCAD   U.S. Dollar/Canadian Dollar
USDCAD             has recently broke a swing low (support) at 1.3226 which indicates that sellers may be in control of the markets. We might get the opportunity to hope short on a pull back that happens to form two advanced patterns.

We have a bearish bat pattern on a shorter time (15min) frame and a bearish cypher on a little bit higher time frame (60min).

If price pulls back into either of these levels I will look enter short with the thought that he downward momentum will carry us to new swing lows.
Trade closed: target reached: Lost money on the bat pattern but made it all back and some on the cypher sell.
Maybe this?
snapshot
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AJ_DeCarli LucasPonzo
possibly, how do you typically build a case to enter the market? Are you looking for confluence?
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Who cares about what's going to happen next?
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AJ_DeCarli Alexander_Nikitin
I'm assuming you don't by your comment and profile? But depending on what does happen I might just have to enter a trade. Nonetheless, I do appreciate your mark douglas reference.

Cheers!
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