EverythingForex
Short

UPDATE: USDCAD - Totally USELESS Crab: IMPROVED & MORE USEFUL!

FX:USDCAD   U.S. Dollar/Canadian Dollar
95 3 2
In my earlier post, I posted a very premature crab pattern that I deemed "TOTALLY USELESS". Well, at the time it was. I was only drawing it in at that time as a thought exercise as the B point was not even confirmed yet and the C point was nowhere to be found.
USDCAD: Further Thoughts and Possible TOTALLY USELESS Crab!

Fast forward a few hours later and here we have a much, improved and much more USEFUL crab pattern with the B point firmly in place and the C point potentially established. I've filled in more details and as you can see, this crab would terminate very close to the TP1. Further cementing the point I made earlier in my analysis about this pair (see "Related Ideas: USDCAD: So You Wanna Go SHORT? B4 You Do, You Should Know...") that should prices reach TP1, I think that will complete the retracement and begin wave ( iii             ) up past the recent highs.

For some perspective about where this crab fits in the greater scheme of things in regards to the Gartley , here's a DAILY chart showing the crab .
snapshot
Trade Log: http://bit.ly/29AeqnC
Year-to-date Profits: +5,794 pips.
USDJPY FULL Report (Subscription Required): http://bit.ly/2ttcCTV
This Month In Indexes newsletter: http://bit.ly/2tGqpcy
Want results like this? Join us: http://bit.ly/29x4bfM
Following, thx.
Reply
nice
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out