Hey guys,
here on USDCAD we've just completed a Gartley formation on the 4hr timeframe. Obviously this D point lies right at the daily structure zone that you can see looking left. Now, given the circumstances i didn't take this trade yet but i'm waiting some kind of confirmations on the lower timeframe (hourly) or in this timeframe in form of a candlestick or something like that. RSI is already in overbought condition so i think the clues are all there. We just miss the entry trigger. Let's see, keep you updated!
If you have questions/ideas, feel free to share.
Otherwise, see you in the next chart!
here on USDCAD we've just completed a Gartley formation on the 4hr timeframe. Obviously this D point lies right at the daily structure zone that you can see looking left. Now, given the circumstances i didn't take this trade yet but i'm waiting some kind of confirmations on the lower timeframe (hourly) or in this timeframe in form of a candlestick or something like that. RSI is already in overbought condition so i think the clues are all there. We just miss the entry trigger. Let's see, keep you updated!
If you have questions/ideas, feel free to share.
Otherwise, see you in the next chart!
Note
Let's see how price will react at the retest of the hourly highs, if it holds, it could be a 'sell':
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.