USDCAD: Gartley, Gartley. Gartley & Canada News

FX:USDCAD   U.S. Dollar / Canadian Dollar
Hey traders, take a look at the USDCAD             and you'll see that we have 3 Advanced             Gartley Formations showing up on the chart. I'm already long the higher time frame pattern formation in yellow. but for those who are not, be sure to keep an eye on the potential bearish & bullish setups that may complete today.

NOTE Today at 10:30am We have Crude Oil             Inventories being released along with a Bank of Canada Press Conference at 11:15am & Governor Poloz speaking at 4:15pm

Good luck in the markets today traders! Trust your plan and trade it!
Trade closed: target reached: Targets hit on the Big Gartley formation. Just stinks that we had to roll targets so much
Comment: A smaller bearish Cypher just formed on this pair as well
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No, after reading your comment, I think I'll just call it quits. I'll also return the profits from usdcad since it was so bad
+1 Reply
diofragma Akil_Stokes
Huh profits??? Where?
+3 Reply
Please make sure you read through before simply, telling traders how bad they are.
diofragma Akil_Stokes
You know better than that ;) .. So you're trying to say you had your stop loss below 1.3006??????? Tell me why please
Because 1.30 is what we call an even handled number or a psychological level. These levels act like structure (not to mention the support looking left) So it's only wise to get beyond those levels.
diofragma Akil_Stokes
Random patterns like these will never be profitable
+3 Reply
Yeah you're right, I'll never be able to profit trading this stuff. I should just stop and bounce to another system. Any advice?
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