EverythingForex

USDCAD: Further Thoughts and Possible TOTALLY USELESS Crab!

FX:USDCAD   U.S. Dollar/Canadian Dollar
84 3 2
I maybe will have set the record for the earliest advanced pattern projection here! But this post is just to let you know what I'm thinking....

In this kind of PA, it's pretty typical for prices to retest the recent high before actually starting it's move down. So that is what I'm anticipating here by drawing in this crab pattern . it's really just a projection exercise that I do to plan my future trades. Maybe totally useless. But if it's correct, then it would make some sense as to how things might shake out. In this case, the crab would be complete somewhere around the TP1 of the larger Gartley . At that point, I would expect prices to reverse and resume the larger uptrend.

Take what you will from this post. :Like I said, could be just a TOTALLY USELESS post! ;-P
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testing 1.2767 if i may guess it right.
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Hah! Am I good or what? ;-P Looks like probable C point turned EXACTLY to the pip at where I projected it would! Is the market following me now instead of me following the market??? Just kidding. Wish I were this exact on every trade! NOT! C point is still not confirmed yet though. Need it to close below B point before C is confirmed.
+1 Reply
nezyrinfx EverythingForex
as i guessed it right... 1.2767 dayum im good hahahha
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