With the election this week I'm thinking there will be uncertianty and consolidation within this pair. This pair is structurely set for a big down move (as I posted). I am bias on it testing my daily supply zone before that move starts and based on this corrective structure i think we can have a corrective impulse ...
We have a huge move to the upside coming that you dont want to miss. It looks like we have had our first impulse to the upside out of a daily zone, just under the D point of the gartly pattern i posted 5 months ago. As i bought the breakout of the daily zone i will look to buy the breakout of this 4hr zone parked ...
Here we have a Bat Pattern forming, I like this setup particulary based on structure because I'm looking for a next impulse to the downside to complete a 3 wave correction down after the daily impulse up, here we can look to sell that next impulse to the downside.
Last time price was at this level it produced a ...
looking to buy the breakout of the yellow area for a 5th wave up
we have previous support at this level and a nice abc correction after the 3rd impulse wave.
i also like this area because on an 8hr chart there is a doji candle followed by an explosive movement away from price
good risk to reward just to the ...
Already short from 0.7733. The 0.618 of previous impulse might be good spot to add to the trade. we have broken the trend line and a pullback into previous structure can give good opportunity as support becomes resistance
Right now we have a double top, as long as price does not close above green line, waiting for an impulse down to break the up trend structure, then wait for a pullback to the .618 fib will be a high probability sell setup.
Have possible choices but, as oil completed a AB=CD after an Elliot wave we should see some downside in oil pushing USDCAD up. after a pull back in oil from the completion of AB=CD pushing the butterfly pattern to completion we can short USDCAD and long Oil for the 5th wave up Harmonic impulse wave "C" point 50 ...
Precise 0.618 B Point
Precise 0.786 D Point to complete in a Daily demand zone
Equivalent AB=CD pattern with distinct Symmetry and time
Do not have a 1.618 BC projection
C point is not 0.618, its .886
So its not a perfect Gartly, but is a valid Gartly