Hey traders, the USDCAD as recently just broken a level of previous structure support opening the doors to some new analysis & new predictions.
As I break down this price chart the opportunities that I have on my radar are
LONG: A bullish Advanced Gartley Formation and a CTS trade featuring an AB=CD pattern at previous structure support.
SHORT: If we get a pullback into previous structure a trend continuation opportunity in advance of the potential trades mentioned above.
Syndicate members this trade was featured in tonight's video. Non-Syndicate members I just released a video doing some analysis on the EURUSD as well as walking you through the trade that I posted earlier in the week.
Akil Stokes Chief Currency Analyst & Head Trading Coach TradeEmpowered.com -The Premier Online Trading Education Company Trade Empowered on YouTube goo.gl/IscNch
Great post Akil. Posted a bearish flag break for this pair on my page, feel free to check it out. Hopefully your activated Gartley hits targets and activates my flag break on the retest (:
Akil_Stokes
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Thanks
TRDanaa
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Just saw this pattern form a few days ago! I'm wondering why is your Gartley's "D" leg under the 1.272 extension and not within the .786 retracement and 1.272 ext? Did it fit your risk:reward ratio this way or perhaps some other reason?
Hope your trading goes well this week!
- Daniel
Akil_Stokes
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Hey Daniel, my Gartley completion is at the 1.272 fibonaqcci extension
TRDanaa
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Thank you for replying! I double checked my 1.272 ext and was around 1.29250. Just a few pips difference!
UnknownUnicorn557970
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Follow your plan!
great to see you here! i was in the live room couple of weeks ago. Thinking of going back after i finish backtesting the cypher pattern in a couple of pairs!
Great to see you active!
TomPower
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Caesar. Thinking the same because although these patterns are beautiful and exotic do they really work?
UnknownUnicorn557970
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well for me it has been around a 60-65% success rate in the major pairs. Im still backtesting since i want to make sure mentally i can handle the pressure of it goes over.
TRDanaa
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I was fascinated byt these patterns as well. I'm currently backtesting these and so far so good to be honest.
Akil_Stokes
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Love hearing that traders are actually doing backtesting and not just diving in with a real account. That say a lot about you in a positive way!