USDCAD .618 retracement Just a straight forward .618 retracement possible, or there could be a breakout below before.
will watch and wait
618retracement
Bearish Gartley with ambitious entryLooking at this setup, I will be placing an ambitious entry to get the best possible R:R to target 1.
TCT with a 618 retracement into previous structure.It appears that all of the stars are aligning with this pair.
- bearish channel has been respected.
- 618 retracement has been respected.
- major resistance.
- hanging man candle formation.
- 127 extension targets align for impulse legs 2 & 3.
- targets align with previous major structure.
I am anticipating this to be less than simple as it's such an obvious trade setup, so be careful with ambitious stops
