after the blue butterfly completed, the pair started to sell off, and imo pullback should end right about now. im buying the pair targeting the completion of another pattern - bearish deep crab, which can potentially be the end of this bull run.
the butterfly is a "fantasy", the general view is a drop towards 134-132 zone then a nice rally to new highs. But having a "fantasy" helps to play both sides, therefore if we do bounce from 138 im looking to sell above 141. Target will be 134-132 zone where our bellowed butterfly will be completed. Then again its just a fantasy.
i literally have order waiting to buy@8500 stop@8025 target@1000
looking for a bounce around 1.6530-1.6500 area. unless 1.6550 gets in our way, which is also a pretty good area to buy. its a matter of risk control.
- expect bounce just above 90.5 - if we get there that is. - stops below 90.00 - targeting 95
imho new highs in USDCAD will offer an unprecedented opportunity to join the upcoming multi-year CAD conquest across the markets. If the analysis is right, we are looking below parity in USDCAD. *completion of a bearish harmonic *deep crab* pattern illustrated as a possible reversal point. This pattern is valid as long as 1.0955 level (point C) stays intact....
well its a clusterfuck of fib levels, add that the upcoming CAD strength (its coming alright), im good to short.
basically start buying 3 (or 7 or 11) waves into 1.45s, targets are 1.6400 - 1.7000 - 1.7500.
short when price gets into the grey box.
sorry for the mess. basically buy 91, sell 98, buy somewhere between 80-81, hold on to it till 117.
load off 1/2 at 49.00
started shorting for variety of reasons. some of which are mentioned above.