1h Chart
UPDATE: T1 can be moved to 1.3548 and once T1 is filled stops can be moved to break even.
Category: TRADE SETUPs
USD/CAD possible 15 min BUllish Gartley
We can move stops to break even
UPDATE:
stopped at break even
This is 1h Chart USD CAD. We can see a 0.382 fib converging with support/resistance level. I have pointed a sell CRAB convergence that provide sell pressure. Altho the Buy interest is still very strong and we will be looking for more buy opportunities. Look for CF confirmation at the buy level pointed and also wait for the US numbers coming out in a bit. Trade bullish only if good numbers are released.
1h Chart
This is 1h Chart we see we are in the sell zone aproaching support becoming resistance area converging with 0.50 fib at 0.9173. Ones the level is reached We will look for a bearish CF or/and MACD sell cross below the red line.
1h Chart
UPDATE: Trade was invalidated due to price droping below the low at 0.9071
On this USD/CAD Daily Chart, a down channel has become evident with price currently bouncing off of the bottom of the channel, which happens to be strong support from last year’s low. The bullish MACD divergence, along with the bounce off of the channel all point to the possibility of a strong bullish move. This pair will continue to be monitored and more information will be made available as soon as a trading plan is derived from a smaller Time Frame.
Daily Chart
This is 1h GBP USD chart. We aready have sell positions based on a 4h sell Butterfly with a down TL bounce. These who have missed an entry can enter on the 1h sell HS forming at the moment. Anyone who has is OK with his money management and it’s in the sell Butterfly can also enter the HS. Tomorow Monday US banks will ne closed because of the MLK’s day. Sell = 1.6305, Stop = 1.6370, T1 = 1.6218, T2 = 1.6179, T3 = 1.6011
1h Chart
UPDATE: Due to the wide range bars going north close to our entry, we suggested in the chatroom to wait for bearish CF for confirmation and place a stop above it. We got an evening star with high at 1.6319 and we used a stop at 1.6329 our entry was 1.6303. All our sitions ware stopped out with the loss of -78 pips for all the 3 lots.
This is 1h UER USD chart. We are getting close to the Down TL. We recognize sell Gartley pattern with sell D at 1.4300 our stop will be placed at
1.4339. T1 = 1.4243, T2 = 1.4115, T3 = 1.3755 We are planing on leaving T2 and T3 for position trade. Will keep you posted!
Update: our position ware stopped out after the release of the bad home sales and crude inventories.
