USDCAD: REVENGE TRADE

This situation appears quite frequently in the markets. I always take both patterns. The are four types of outcome here: 1) Bat loses and Cypher wins 2) Bat wins and Cypher don't trigger 3) Bat wins and Cypher wins 4) Bat loses and Cypher loses. The patterns are not anyhow interconnected to each other so the bat outcome doesn't influence the Cypher outcome. Outcomes #1 and #2 are the most common. Click "thumb up" if you find the information usefull. Click follow if you want to stay updated with my ides. You support is really important for me)

Comentarios:

There is another outcome when no trades trigger.

Comentarios:

Now bat pattern turned into gartley.

Operación activa:

gartley pattern was triggered.

Operación cerrada: objetivo alcanzado:

gartley pattern took profit. Waiting for cypher pattern to trigger.

Comentarios:

Cypher pattern didn't trigger.