This user was banned for violating the House Rules. The ban is for social activity only - participating in public chats, publishing ideas, commenting and so on. The ban has no effect on the functionality of the platform.
Hello all - looking at some symmetry on D1 and W1 I am expecting a dump down to the 600-660 range. The dumps and rallies have been relatively symmetrical thus far.
Breakout of recent high suggests momentum up to 1000USD. Also, note that there is no R level beyond 840 until 1130
Multiple harmonic PRZs completing with 1:1 AB-CD relationship with prior swing down. Three drives down into Support level, volumes decrease, and Fib retrace clusters forming strong confluence.
Look for Divergence and reversal patterns for longs up to 1.3300
$cad's recent bear run formed 61.8% relationship with prior similar bear run down. Symmetry with this last structure's run from breaking it's 38% to 50% retrace levels took 70 days, which is approximately 38 days for our current structure to peak around it's 50% retracement mark after breaking the 31.8% level, which is represented by the vertical line. Red box...
Sell zone USDCAD -0.17% 1.3350 - 1.3400. UC going vertical forming red after orange wedge fundamentally based off crude selloff.
Look for red wedge to break down around October 14th based off 61.8% breakdown symmetry with orange wedge for possible 1:1 time equality. Confluence with daily Bullish Channel top bound. Well respected Trendline dynamic R also at 1.3350.
Price repeating structure formed from 2016-06-08 to 2016-08-18 now from 2016-08-18 to 2016-10-XX, filling structure would require USDCAD to rise to 1.3400. Confluence: Respected rising wedge (White) forming double bottom candles retesting it's dynamic support.
Take Profits: 1.3350-1.3400, scale out before then and trail...