I did post a chart a few days ago with a LONG opportunity on USDCAD around 1.27900. BUT, we need to be able to predict both scenarios, if its goes UP we need a SHORT area and if it goes DOWN we need LONG area. I found both of them so IM READY haha. -- So now we have a possible formation of GARTLEY PATTERN plus AB=CD pattern at 1.34700. On longer timeframe, it would also create a beautiful head n shoulder, so this pattern would be really good. -- Another interesting fact. Im expecting NZDUSD to be a short for a few hundreds pips so it mean that USDCAD could go up. Lets just wait and react to the market decision!
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We are now waiting for a CYPHER PATTERN instead of a GARTLEY!
hi there mate, may i ask a technical question , why it is 0.788 XD(or 1.302 BD), have no idea these harmonic patterns , but it is really interesting, thanks sir
jolicoeur342
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@OAKS, Gartley pattern complete at 78.6% of fibs! =) No problem! if you have any more question feel free to ask them!
jolicoeur342
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@jolicoeur342, BD must be between 127.2% and 161.8%, otherwise the pattern aint valid. so within that area we need 127.2% or 161.% of BD AND 78.6% of XA
OAKS
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@jolicoeur342, many thanks mate, the rules always confuse me, so if 0.886, then it means a butterfly, is that right?
jolicoeur342
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@OAKS, Bat Pattern include an 88.6 not the butterfly or gartley!