USD.CAD

[Craig3215]

Hey Arco,
I was looking at this one as well but from a head and shoulders perspective but same idea

[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

A trade in either direction has not kicked in yet.
I still have a pending long, so we'll see how the
action pans out over the next few days.

arco

[arco]

Patience paid off and my long order kicked in yesterday at .9997.

One profit was taken automatically (as I slept) +50

and the balance was left with no TP, but I took it this morning
at 1.0130 for +133

As I mentioned on the 12th
"Be cautious that the Blue Gartley does not run on to the
higher dotted blue box to form a BF"

[arco]

Wow...that edit function doesnt give you much time to correct anything

I should have mentioned that the potential short will need re-evaluating once we see where this north moves takes the plot.

[dumbass]

long from 1.0070 sl 0.9970 target 1.05

[arco]

I'd personally like to see a bit more confirmation
yet before getting long.

If that genetically modified small blue Gartley on the RH side is for real
then maybe it could go on to form the potential red Gartley I've overlayed.

If that happens we can start thinking more bullish IMO.

rgds - arco

[peat]

the red gartley on arco's pic has played out now

and 18 hours later its starting to look a little encouraging imo. I've added.

[peat]

+100 now.
moving stops up to positive territory
hangin in until a clear break of the trendline

[dumbass]

you been polishing your mojo

[peat]

heh yeh trying as my logo says

testing my tl now tho...