Daniel.Dalo
Long

USDCAD - Cypher, Gartley and Bat

FX:USDCAD   U.S. Dollar/Canadian Dollar
A Cypher pattern just completed and we are currently watching a nice reaction from completion point D, but we have to wait to see if it reaches the targets. My first target for this one is denoted by point C of the Bat pattern .

The Bat pattern would complete just a bit below the Cypher's point D, but in my opinion, we might expect some more bullish action until the completion of the big Gartley with entry around 1.2258. For this pattern, I would enter on the 127.2 extension of the AB leg just because there is a nice confluence with a good structure level, so this for me could be the next major turning point.

Let's see what happens this week with this pair and good luck everyone!!
dionvuletich
2 years ago
Yes yes and yes... totally agree - long time no hear Daniel !!
+1 Reply
Daniel.Dalo dionvuletich
2 years ago
thank you mate! I'm back completely devoted to harmonic patterns and structure trading. I hope you are doing great! :)
Reply
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