FX:USDCAD   U.S. Dollar / Canadian Dollar
An example of how classic chart pattern may be used to enter trend continuation trades.
Comment: Price is not going down but makes some upside thrusts. I won't enter until I have clear signals:)
Comment: price broke the double top's neckline. will enter at retest.
Trade closed: target reached: cha-ching to those of you who entered short. I stood away waiting for a retracement:)
This pattern was found by the MPS-5 pattern recognition software: http://www.ps-software.net

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Alex Nikitin Youtube channel: https://www.youtube.com/user/alexniquitos/
I think it can drop up to 1.22 seeing the harmonic ABCD pattern. Ping me if you see an entry. ;)
+1 Reply
@yussray, yup, it can be:)
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Nice!
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@corleone7, yep. was a bit tricky giving plenty of doubtful signal, but finally resolved as predicted:)
+1 Reply
nice! was looking at the DXY it showing some signs of bearish movements.
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@dtech369, yep. maybe. don't know if they are correlated:)
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dtech369 Alexander_Nikitin
@Alexander_Nikitin, what's your take on the bullish Gartley (AUDUSD 1H)?
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@dtech369, I am out because of stop. but if I were still in i'd take conventional 38.2 and 61.8
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It just can't make its mind up, is that an inverse HS?
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@DeanT, nope. I thought it was a pennant pattern:)
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