In my previous post I incorrectly marked out a harmonic pattern. After a review of my mark up I realize this is less of a harmonic based trade and falls more in line with general price action,
Break of daily counter-trend line. Retest of previous structure, supply zone, CTL.
Price action indicating continuation to the upside. This coupled with the double bottom on both USDCAD and the DXY. Bias is long.
Harmonic pattern showing an over extended rally. Two take profits set for pull back in to structure.
We've come to the measured completion of the AB=CD to the upside. Though patterns of this size generally leave you with a large Price Reversal Zone. DXY just completed a Bearish Bat H1, however, the dollar made a strong rally back in to previous trading range. Price action still indicates movement to the north. DXY is also on a large scale Bearish Bat so I'll be...
More speculation. Helps me keep an unbiased opinion. To trade what you see, not what you feel.
I'm very much a trade what you see trader. Not one for speculation as it blinds you from what is CURRENTLY going on. However, this is my outlook.
USDCAD setting up nicely for a Bearish Bat
Overall bias being long before we short. Plotting out potential pull backs for my own studies.
Waiting for price rejection and retest before entering USDCAD short.
Price action signaling a long after our TP 1 was hit on our Bearish Gartley
Trading plan signaling a long after first TP was hit on our Bearish Bat Short
After further review of several of our confluences we set our sights north.