bobwff33
Long

5-0 pattern of USDCAD valid

FX:USDCAD   U.S. Dollar/Canadian Dollar
104 3 3
a year ago
It's a pity that I didn't catch this 5-0 pattern,which is very classic and merely seen in real trade circumstances
1.B is at 1.27 XA
2.C is at 1.618 AB
3.D is at 50% of BC            
4. AB=CD finished
a year ago
Comment: We can gain a lot experience in this chart Campere to the "5-0 pattern in GBPUSD"
1.The harmonic patterns indicate the Critical price level effecively
2.Whether or not the pattern finally change the predominent trend or not,the price did make distinguish perfomance in the PRZ
3.The reversal sometimes seems little,so it is essential to take profit while the reversal comes to an obvious level ,or at least put a 38.2% trailing stop
4.The decidely broken of PRZ does not mean the harmonic pattern is not valid .Contrarily,it gives us a good signpost of price level ,where you can execute on the predominant trend ,setting the SL above the PRZ
bobwff33
a year ago
snapshot
Reply
bobwff33
a year ago
snapshot
Reply
bobwff33
a year ago
I believe Right now it is a correction wave ,which has two posiible movement
1.go to the Gatterly Pattern's D point ,i suggest the 1.34 level where the 1.27AB and 0.786AB=CD converg tightly
2.break down to the 0.618 Fibo ,then rally again maybe
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out