WynnFX

WynnFX

Updated pattern data from previous post (Oct. 2nd) after USD/CAD moved up a little bit and formed a new D point. Also, the recent retracement has produced a Bearish Engulfing candlestick pattern on the Daily chart. This is a failed pattern but we only know this in hindsight. We are always just playing the odds. Every pattern will not work out 100% of the time. : )

WynnFX

Some Bearish signals are lining up for the US Dollar Index. What do you see? Would like to see some comments/opinions. Thanks. Happy Trading.

WynnFX

USD/CAD completed a Bearish Gartley pattern recently around the AB=CD level of 1.1175. The USD/CAD had a recent high at 1.1222, but has since traded lower. Markets have been very volatile lately, so expect some erratic moves. Initial profit target is at the 38.2% Fibonacci Retracement level of the run up from A to D on the Gartley Pattern. Stop is above point...

WynnFX

AUD/JPY has formed a Bearish Gartley pattern on the Weekly chart. Also, a Bearish Engulfing candlestick has formed. Stop is above point D. Initial profit target is 50.0 % Fibonacci Retracement of AD @ ~ 92.50. Happy Trading.