I think we will see a rally in $USDCAD to take out the double top (two red 'x' above current price) before it starts it's real move down to take out all the stops ('x') below the market place. I would anticipate the high between May-July.
I am posting this for my own record. This is just how I am reading it and does not constitute trade advice.
Well I missed the entry on the long by 4pips. So here is my second chance entry.
Looking at the following levels:
Entry - 75.300
S/L - 75.080
Target 1 - 76.660
Target 2 - 77.200
If all goes to plan, S/L will be moved to break-even after target 1 is hit.
Chart is fairly self explanatory. Just noticed a potential Gartley pattern which lines up with my target area. You'll see the green box is focused on the bullish order block (ICT style) and also matches a 1.272 extension of the AB leg and has a 0.786 confluence with the XA leg.
It's worth noting that with BTC being susceptible to FOMO, we could see it overrun my...
Anticipating a retracement to the $460-480 level. This would give us an ABCD retracement from the recent $790 high (seen on lower time frames).
From there, I anticipate price moving north to retest the $1000 & ATH levels. I just wonder if we will pause again at $660-680 as this has been strong S/R level on the way up & down in this last move, and also back in...