CroomFX

USDCAD Advance Structure Trade

FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD has shown bullish momentum all week, after this bullish cypher pattern we immediately fell into a potential Gartley setup. We seem to have price rejection at the . 618 retracement level, and if we can get price to push anywhere in the .618- .886 area, from our A-B fib ratio, that would confirm our C leg, and give us more confluence if it respects the trend line as well. On the Daily time frame i can see a Rising Wedge pattern giving us more confluence for a sell if we see price in our .786 zone.Another confluence would be this most recent push up creating a head and shoulders reversal pattern if we look left at structure.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out