I had two failed short rejections ,meaning we need a retracement so I check the harmonics and we landed on a Hartley that is a strong reversal indicator, also on a 4 hour double bottom .going long now to the blue line target ; we may possibly go higher to those empty small little candles on top of target ,then possibly going for the gap fill at the very top also at 100%
This is my idea currently usdcad is showing worn out numbers ,aud indicicators same wanting to go up and reject more sells,usd cnh is weak .gbpusd and uj just asked for butterfly reversals at the same time with usdcad worn out signal.i jumped in sell will have stop loss of 50 pip and tp will be 133.400 since the blue areas both gaps can go there or to 50% on...
I was in a sell but indicators gave a change of course wanting to head back up to the 23 % .from my trend buy signal it landed there .stop loss is the blue line and target is blue on top.
Trend signal buy has turned bad with abc and abcd ext on 1 min harmonic plus ej has a maximum momentum ,meaning this needs a retracement of at least 40 pips 400 points.
Currently my trend signal gave me backwards bad numbers that landed right on a double bottom.we need a retracement I got in at 131.800 .I believe we should head to one of these fibbonacci targets at the first or 2nd level .then we may get a reversal depending on my trend signals.will keep updated. Follow the chart until they are worn out.
