USDCAD: Quick Trades - Bull Bat & Bearish Cypher

FX:USDCAD   U.S. Dollar/Canadian Dollar
Sideways consolidation offers good harmonic trading opportunities for some quick (relatively speaking of course) profits. Here are 2 patterns: 1 a bull bat waiting to complete and one a bear cypher also waiting to complete.

Can buy on the bull bat completion and ride that up to the bear cypher completion OR after bat completes, go LONG and take profits accordingly at TP1 and TP2 of the bat and then wait for the Bear Cypher to complete and then go SHORT.

IF you are looking to go short the Gartley on the Daily TF (see my post on this in Related Ideas "USDCAD: So, You Wanna Go SHORT? B4 You Do, You Should Know..."), it's possible to place SHORT orders upon the Cypher completion and hold those.

I am already in SHORT positions in this pair. I will be looking to possibly add a few more SHORTS upon the Cypher completing.

Good luck with whatever you decide to do....!

"Quick Trade" posts are purely based on advanced harmonic patterns without other supporting factors. Please use your best judgement if taking these trades.
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