Looking at USDCAD we see that the RSI is heavily oversold. I am long in the gartley pattern since 1.2837.
For those traders how might have missed this pattern, you get a second chance with much better RR ratio.
Remember you follow your plan!
Best of luck, Felix.
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This bullish gartley pattern D completion is deep and near X level of pattern. So bcos of it we are having very good risk reward ratio.
USDCAD right now at market completes the gartley pattern, so if gartley patterns are in your trade plan , Enter the trade
Happy Trading !
I'm currently long this pair (1.2950) on an "at Market" Bullish Cypher Formation, but looking ahead, we also have an advanced Gartley Formation which would complete if price were to push lower.
Akil Stokes
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www.TradeEmpowered.com -The Premier Online Trading Education Company
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Buy price goes above counter trend line with Bullish Candle Stick Formation
Price above up trend line
Previously price break out above counter 88 Pips and 66 Pips
Fib .618 Retracement
I WILL NOT BUY IF PRICE DOES NOT CLOSE ABOVE 3RD COUNTER TREND LINE BREAK TODAY!!
MY STOP WILL BE 10 PIPS BELOW BULLISH CANDLE STICK FORMATION
TARGET WILL BE 5 PIP BELOW 1.272 FIB...
1. Look for price to go down to the 2nd support level of .5.
2. Price may retrace 2 times at .5 & .382 before the big breakout "Long"
3. Regardless the price will break through the channel by 5/30/2016
4. The Uptrend will start once this happens.
5. If the price does this look to enter between 1.30028-1.29700 on a"Long"
6. Profit Target is between (A)1.31439-(B)1.31266
