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Alexander_Nikitin
Feb 1, 2018 10:44 AM

chart patterns Education

FX:USDCAD15
U.S. Dollar/Canadian DollarFXCM

Description

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An example of how classic chart pattern may be used to enter trend continuation trades.

Comment

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Price is not going down but makes some upside thrusts. I won't enter until I have clear signals:)

Comment

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price broke the double top's neckline. will enter at retest.

Trade closed: target reached

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cha-ching to those of you who entered short. I stood away waiting for a retracement:)
Trend AnalysisChart PatternsWave Analysis
Comments
yussray
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I think it can drop up to 1.22 seeing the harmonic ABCD pattern. Ping me if you see an entry. ;)
Alexander_Nikitin
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@yussray, yup, it can be:)
corleone7
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Nice!
Alexander_Nikitin
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@corleone7, yep. was a bit tricky giving plenty of doubtful signal, but finally resolved as predicted:)
dtech369
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nice! was looking at the DXY it showing some signs of bearish movements.
Alexander_Nikitin
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@dtech369, yep. maybe. don't know if they are correlated:)
dtech369
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@Alexander_Nikitin, what's your take on the bullish Gartley (AUDUSD 1H)?
Alexander_Nikitin
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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
DeanT
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It just can't make its mind up, is that an inverse HS?
Alexander_Nikitin
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@DeanT, nope. I thought it was a pennant pattern:)
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