Unusual 3 Drive Potential ???

FX:USDCAD   U.S. Dollar / Canadian Dollar
198 0
I think it's rather rare to find a 3 drive with 1.618 as the swing points.
This looks fairly harmonic even though the bounce from D1 was extremely
shallow - this pattern also seems to combine with bottom trend line
and support from way back in August.
If this is also the end of a larger degree 4th Elliott Wave , as many counts
have suggested the profit potential is massive. At the very least, as 3 drive
usually do, they retrace back to the origin of the pattern about 1.3400 +
Stops seem to be a bit tricky with such a large support zone , so, as always
I'm hoping the candlesticks will provide a clear entry trigger and small stops.
However, since 1.618 fib ext usually finds some sort of quick response I think I'll
put in limit order for half position @ 1.2940 with stops around 1.2989
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out