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.
Who cares about what's going to happen next?
Reply
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!
Reply
Maybe this?
snapshot
Reply
AJ_DeCarli LucasPonzo
possibly, how do you typically build a case to enter the market? Are you looking for confluence?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out