USD/CAD - Harmonic Confluence + Trendlines
Traders!
Hope everyone has had a great and profitable week! The markets just keep getting better and BETTER!
Today, we have MAJOR confluence. I couldn't ask for more....well, maybe I could...
Here we have the USD/CAD on the 1D chart with a bullish AB=CD and bearish 5-0.
The trendlines add additional confirmation, given the strength of each reversal.
What we can really take away from this set up is not just where price will reverse, but adding the trendlines, we can predict WHEN.
As always, I highly recommend account management on all trades.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
The measurements for a valid AB=CD pattern are detailed below.
C: 0.618 - 0.786
D: 1.272 - 1.618
Hope everyone has had a great and profitable week! The markets just keep getting better and BETTER!
Today, we have MAJOR confluence. I couldn't ask for more....well, maybe I could...
Here we have the USD/CAD on the 1D chart with a bullish AB=CD and bearish 5-0.
The trendlines add additional confirmation, given the strength of each reversal.
What we can really take away from this set up is not just where price will reverse, but adding the trendlines, we can predict WHEN.
As always, I highly recommend account management on all trades.
The measurements for a valid 5-0 pattern are detailed below.
B: 1.13 - 1.618
C: 1.618 - 2.24
D: 0.50
The measurements for a valid AB=CD pattern are detailed below.
C: 0.618 - 0.786
D: 1.272 - 1.618
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.