Staying away from this one now, agree a Bear 123 now on 1hr and a potential supply zone, might get some reaction down, but 4hr looks like Bullish Hidden Divergence suggesting still more upside maybe 1.0090 to 1.0100 area??? Good luck.
There is this week pivot at 0.9958 and Friday's missed daily pivot at 0.9932 which make reasonable targets, measured move target of Butterfly = 0.9944 area, stretch target for Butterfly = 0.9860 area, other analysis suggests this might have further to run but watch CAD news on Weds and of course...
Have just gone short usdcad 0.9993 sl 1.0010, good call Flash, will look at my stop again. Reason 1hr/4hr Bear Butterfly and 30min Bear ww. Good luck, as your call first will not count for me I suppose, no probs if so :)
I have attached a Daily chart of my FTSE 4hr Bear Gartley: Trade still open.
I quite understand and no hard feelings. Not here to teach just share that's all.
The techniques I use can be applied to all time frames so it depends upon what I choose to look at and how much time I have and try...
Stopped out.
Sure I can explain: price moves as build a position so 3 separate entries may not be at same price so rough average was as I said 1.0323. I didn't add any further positions to my initial 3. I just highlighted the lower and upper levels of a potential supply zone that's all...
30m Reg Div looks like it is breaking down but there looks like a nice sell (supply zone) just above my entry between 1.0330 and 1.0337, so continuing to hold trade open