USD.CAD

[peat]

sorry about putting the kiss of death on your trade arco
I shouldve seen that a gartley was waiting there

[arco]

17 Dec. Looking at the 4 hour there is a potential BF in the making,
and somthing similar on the daily. So it may be possible to
squeeze a few more pips on this if these pan out.
Perhaps some resistance ahead 1.0360 area.

GTA - arco

The Looney has touched the target resistance mentioned
giving a sit and hold profit circa 750 pips to date

[arco]

I think its time to look at Loonie again for some more
rich pickings. I went short at 1.0129 which gave a max
of 254 pips, but now there appears a reversal afoot which
should give another opportunty to go long for a few,
and then go short for a lot more.

Potential here IMO to ride up to the 1.0129 area again
for circa 150 pips, and then a short down to the
PTZ (lower green box).

Ichi talk.
Tenkan (blue) has crossed Kijun (red) - bearish, and
Kijun should now provide resistance. Chikou is finding
support on the candle plot (circled) and may do so for
a few days. After that it should break through and Loonie
will do some Kumo surfing to eventually poke through the
bottom of the cloud and hopefully give 600 pips +/-

GTA- arco

[dumbass]

seeing the same

possible usd rally next week to sell into

10150 area has got some fib action , also would take this retracement to origin of 4th wave , which is a typical reversal place for corrections

the 20 sma may help as well

[peat]

precisely hit Arco's level last night.
No actually high on Oanda was 1.10128, so you were a pip out Arco. Shame

[peat]

errata - prev post should have been 1.0128

has now formed a little descending triangle and then broke through it on the downside, could be the signal.

[arco]

Yeah Pete,

sorry about that 1 pip, - the blue pendulum has been
playing up lately..........obviously needs a polish

[dumbass]

this is another pair thats due a big move

looking like will break lower , looking to short around current levels

[dumbass]

got a start on this one up 150

i reckon now taken out parity theres more to come .97 - .98 then a big run north

[arco]

Loonie looks interesting for a continuing north move to
the first blue box (creating the potential Blue Gartley).
The target point sits just around the apex of the triangle
circa 1.0086

So, 2 potential ways to trade this pattern IMO.

Long on a confirmed break of the pivot high for around 80+/- pips.

And/or short on a confirmed reversal off the Gartley/apex
for upto 300-450 pips perhaps.

Be cautious that the Blue Gartley does not run on to the
higher dotted blue box to form a BF

GTA - arco