Akil_Stokes
Short

USDCAD: Potential Bearish Gartley Pattern

FX:USDCAD   U.S. Dollar/Canadian Dollar
Looking for a potential bearish gartley pattern on the USDCAD             hourly chart. This is one of the only higher timeframe setups on my radar for today as the rest of my portfolio seems to be nose diving (especially those Yen pairs). I would assume that like yesterday we may have to spend some extended time on the range bars charts in order to see if we can hop on the trend like we did with the EURJPY             yesterday. We shall see, the markets are always known to surprise us.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
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spyro85
9 months ago
Thank you Akil, this would also tie in quite nicely with the 'C' point of a Cypher I've been watching:

snapshot

+1 Reply
spyro85 spyro85
9 months ago
Ignore the large Fib retrace - too long spent looking at Bats! Man it would be good if you could delete/edit comments on here!
+1 Reply
Akil_Stokes TOP spyro85
9 months ago
Yeah i do wish they had that option, but I understand why. there would probably be a lot of frauds out there trying to change and trick traders
+2 Reply
spyro85 Akil_Stokes
9 months ago
Good point, I hadn't thought of that :)
Thanks for everything btw.
Reply
Nice one with great risk reward ratio. Had completely missed that one (RAS not as sharp on BAT and Gartley as it is on Cypher yet :) )
+1 Reply
Akil_Stokes TOP journeyofarookie2.0
9 months ago
Thanks man!
+1 Reply
samurai110 PRO
9 months ago
I was just thinking Akil, why dont you trade Shark Patterns? They have a much better Risk/Reward and are also a higher probability pattern? For example on this chart you would have a Shark Pattern completion at the retest of the X leg / B leg of the Gartley, and as you can see you had a sharp sell off right at that level. This is not criticism, i am simply wondering why you trade Cypher patterns instead of Shark Patterns.
+1 Reply
Akil_Stokes TOP samurai110
9 months ago
Something that has always bothered me about the shark pattern is the fact that the final completion can be either below or beyond the starting leg. Seeing how structure is a major part of my trading philosophy the pattern has never sat well with me. I'm sure that those who have tested it have found a consistent way to trade it where they use a more specific completion point instead of the range, I've just never done so.
Reply
whabtish
9 months ago
Hi Akil i Really like the work you do in this trading view community you always bring 100%, i also watched every video you put on YouTube and i am a big fan. just a quick question what is the name of the indicator you have on the chart i know its ATR and RSI but i couldn't find your particular style on public library can you tell me the name thanks:)
+1 Reply
Josaca whabtish
9 months ago
These indicators look like the standard ATR & RSI that TradingView offers. You can customize how they look indicator under the style settings. Set RSI to “Line” and ATR to “Area” and it should achieve the same effect.

Hope this helps.
+1 Reply
whabtish Josaca
9 months ago
Thanks:)
Reply
Akil_Stokes TOP Josaca
9 months ago
100% Correct, thanks. Nothing special at all just visually appealing to me
Reply
Akil_Stokes TOP whabtish
9 months ago
The ATR is just set to "Area" instead of a normal line
Reply
Nice one. As I told you earlier I enter at 0,786. My entry was triggered.
+1 Reply
Alexander_Nikitin TOP Alexander_Nikitin
9 months ago
here it is
Usdcad Gatley to continue downtrend

Reply
Akil_Stokes TOP Alexander_Nikitin
9 months ago
Well done!
+1 Reply
riya14
9 months ago
hi Akil,
i am a great fan of your talent in trading which is quite rare though..
i am badly stuck with usd/cad at 1.3850, i bought some.
where do you see the resistence, it may go today?
+1 Reply
Akil_Stokes TOP riya14
9 months ago
Looks like we had a break of the lows today. I think we can see 1.3450's or 134's
Reply
Raja Ajmal
9 months ago
thnks akil ,,im also in sell postion,,,
+1 Reply
Akil_Stokes TOP Raja Ajmal
9 months ago
Awesome!!
Reply
adilnaqvi00786
9 months ago
Akil i see ur trading style sounds amazing could u plz mention trigger point sl tp for the newbies like me
+1 Reply
Akil_Stokes TOP adilnaqvi00786
9 months ago
Thanks, for advanced patterns stops need to be beyond the "X" leg
Reply
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