FX:USDCAD   U.S. Dollar/Canadian Dollar
346 7 14
Great setup: Tom Dantes SFP, AB=CD , 1.618 from last corrective wave and a Butterfly
Like how alot of people interpretate the charts differently and utilizes the extensions, good job and good luck
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Yep thats one of the main problems with harmonic patterns. I trade this from Dante's SFP and not from the Butterfly, failed gartley etc. The ABCD and 1.618 is just confluence for the setup :)
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Zlatanera AleksanderThor
Totally agree, some just focus to much on one thing to happen, thats why i liked someone pointing out something different! good job from a fellow scandinavian :)
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Zlatanera Zlatanera
And sorry about the Europen champoionship, what can we do.. we have Zlatan
+2 Reply
Hahahah Lord Bendtner :D
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I know it's tempting to simply act upon a Harmonic pattern at point D but it's prudent to wait for confirmation of a reversal before entering a trade. Also since the 1.4660 high of January 2016 this has been a down-trend so even more reasons to await confirmation of a reversal. The top pickers and bottom pickers become the cotton pickers! Hope you find my comments constructive as I used to get crushed like this before I learned the lessons.
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Hello thank you for your comment :) I do not trade harmonic patterns - Just an overlay to the public. The reason for entering this trade was the SFP and nothing else
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