taychan.martin
Short

USDCAD Bearish Butterfly Achey Fackey Pattern Formation

FX:USDCAD   U.S. Dollar/Canadian Dollar
This setup has given a few traders the achey fakey in trying to predict what pattern is forming.
Sorry, I don't see any butterfly here. Needs .786 XA retracement.for a butterfly.
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taychan.martin EverythingForex
a year ago
This platform never draws patterns exact
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EverythingForex PRO taychan.martin
a year ago
TM, the pattern drawing tools here are improving and Tradingview is constantly working on things. For example, they have corrected the problems with drawing the cypher pattern by introducing a cypher drawing tool that is now correct. I'm not being critical of your post, I hope you understand. But rather trying to be constructive as many traders new to trading harmonics might get mislead and could cost them money. Not that you would be responsible since no one here is giving out actual trade signals.

Anyway, if you checked the XA retracement using the fib retracement tool, you'll see that there is not any .786 retracement of the XA leg. So it's not the pattern tool that is drawing it incorrectly. In fact, the fib measurements reported by the pattern drawing tool are correct.

Just my 2 cents....
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EverythingForex PRO EverythingForex
a year ago
BTW< I don't work for tradingview and don't schill for them. I just like what they are doing....;-)
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