USDCAD Bearish Butterfly

4 May 2017

USDCAD 1 Day - Bearish Butterfly - 12/28/16<<>>05/02/2017

Legs A,B,C completed.
Leg D satisfied (BC 1.618) 2 days ago 1.37272
Leg D has room to play above 1.37272 some more but last nights action hit multiple walls 1.3746 candles.

Short Fib study (1.36499 - 1.37575)
.382 1.37164 - sustaining below is key 1st step down

.618 1.36910
.786 1.36729 - possible support at these levels but not confident market has reason to hold the range

Longer Fib Study (on chart):
.382 1.35541 - this is a significant price to break for large moves down

4 May 2017

Emir iptal

The study is nullified

This i my last pre pattern effort
Will stick to patterns already verified past Leg 2/3

But enjoyed learning cypher, really useful stuff to frame daily decisions

4 May 2017

İşlem aktif

somehow i ended up on this study and not a previous one, trading is not cancelled and all apologies

6 May 2017

Not

very interesting how this study is going, especially after a 100pip dip friday, I sold at 50pip but thats only because my ISP somehow deleted my internet services....

chatting on the Forex board user BLUE43 pointed out my XA measurement to define the AB leg was off by a fib level, so the pattern is mostly the same but now a deep crab, note that leg CD is still in progress so watch those short orders if held, expect some trending upwards before the big dive down - see chart for notes

20 May 2017

Not

bottom hunting for a 1.40 chasing
its a fundamental summer so keep a sharp eye out for negative Oil news and we will chase that level guaranteed

14 Haz 2017

Not

BC is now facing an AB .886 measurement (1.30336)

that .886 marked with a purple ray on the chart, we head down there below 1.30336 and the Long upside is quite pretty far up, over 1000 pip

please note this study began 500 pip ago

29 Haz 2017

İşlem aktif

wow, on 05-04 didnt imagine .886 would get hit

we just verified a deep crab pattern with a 3.27 retracement as our final leg up
hunting signals for the final C move price but the upside is insanely far up from here no matter what

this could retrace down to 1.25 range if 1.29 is broken
see my other UCAD bear study for those fib levels

29 Haz 2017

Not

29 Haz 2017

Not

sorry we verified a deep crab BC .886 that points to a 3.618 not 3.27 (typo)

12 Tem 2017

İşlem aktif

notes in chart, we remain in the bull trend line

12 Tem 2017

İşlem aktif

play trade entry at 1.2892


retracement from last pullback fib levels 1.1618, 2.1618 met

goal is 4.414 with a stop loss at 2.1618