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USDcad (Weekly) - symmetry Downtrend                                                       Return to Forex
                   - pattern uptrend

* Guidelines : how to read the charts on this website.

* Abbreviations - FLIP LINE : FL                Flip Target : FT               Measured Move : MM              
                       - pull back : PB                Andrews Pitchfork : APF               Middle Line : ML        
                            - Fibonacci extension level x% : FIB E X%          Fibonacci retracement level x% : FIB r X%
                            - Médard Count & Targets : MC&T               Médard Counter Trend Pattern : MCTP 

   

   * Automatic sliding images above show an overview of all MT2 analysis and forecasts.

  * links below show an enlarged image of the slides above followed by detail analysis:

        370a__usdcad symmetry__weekly__12_15_17_downtrend     
   . This is the basic trading set-up for USDcad on the weekly chart. On exhibit are 2 strategies : Symmetry
       downtrend ( Left) and MC&T ( Right). click the following link: "symmetry and Médard Count & Targets"
       for detailed explanations on how to construct and read this chart. 
   .  The symmetry downtrend chart (left) shows that price is trapped between the Flip Line (solid yellow
       Line) and the outer line of the APF (orange dash line). The ya is at $1.20318. If price breaks the Flip Line,
       The expected Flip target (blue arrow) is at $0.94341. Pull backs are expected at Fib 100% at $1.13121, at Fib
       E127.2% at $1.03974 and Fib E161.8 at $0.92338.
   .  The MC&T chart shows that price bounced of the Flip Line at the ya, and is expected to pull back upward 
       in a short or extended abc correction (possibly all the way to the upper line of the APF) before :
       1) reversing downward to break the Flip Line (solid yellow line) and continue downtrend or
       2) breaking the upper line of the APF and continue uptrend as per the Harmonic PAttern set-up below.
   .  The MC&T chart shows that if price breaks the Flip Line after a pull back, price is then expected to
       REACH TARGET Fib E200% at $1.19348 (Green Rectangle). tHIS WOULD BE A SECOND ya, WITH A SECOND fLIP lINE 
       AND AN ADDITIONAL TRADE SET-UP. iF PRICE BREAKS PASS THAT target, PRICE IS THEN EXPECTED TO complete the
    ya Pattern by reaching the following targets: $1.17720 (Red Rectangle), at $1.11144 (White Rectangle, At
       $1.07772 (yellow Green Rectangle), at $1.02680 (orange Rectangle). These targets are projected Swing lows
       "point of Exit" and the resumption of the downtrend following each pull back provides THE opportunity            to enter/re-enter the trade set-up, "point of Entry".
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       370b__usdcad symmetry__weekly__03_30_18_downtrend  
       370c__usdcad symmetry__weekly__02_14_19_downtrend
   .  Previous conditions as described above (image 370a) remain the same. Price is still trapped between the
       Flip Line and the outer APF Line.  
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   * Automatic sliding images above show an overview of all MT2 analysis and forecasts.

  * links below show an enlarged image of the slides above followed by detail analysis:

   360a__usdcad pattern__weekly__12_15_17_uptrend   
   . this is the "HARMONIC pattern" trading set-up for USDcad on the weekly chart. On exhibit IS hARMonic
      Pattern 1 Uptrend (Left) and Harmonic Pattern 2 Uptrend (Right). click the following link: Harmonic
      Pattern for detailed explanations of how to construct and read this chart. 
   . The Pattern 1 uptrend chart (left) shows that price is trapped between the Flip Line (solid yellow line)
      and the outer line of the APF (orange dash line). The ya is at $1.20318 (not $1.23323). Expected targets are
      Fib R61.8% at $1.36955 and Fib R78.6% at $1.41400. This would complete the inner Harmonic Pattern (Gray). If
      price breaks $1.41400 and the outer APF Line, additional Targets are Fib 100% at $1.47063 and Fib E127.2% AT
      $1.54261. This bring us to Target 1 (yellow) of the outer Harmonic Pattern (Green). aLL These targets are
      projected Swing highs, "point of Exit", and the resumption of the uptrend following each pull back
      provides THE opportunity to enter/re-enter the trade set-up, "point of Entry". 
   . the Pattern 2 uptrend chart (RIGHT) shows that price is trapped between the Flip Line (solid GREEN line)
      and the outer line of the APF (orange dash line). note THAT Price HAS NOT YET REACHED THE ya AT $1.19348.
      DOING SO WOULD CANCEL THE pATTERN 1 SET-UP AND SUBSTITUTE THE pATTERN 2 IN ITS PLACE. EXPECTED TARGETS
      WOULD THEN BE Fib R61.8% at $1.36476 and Fib R78.6% at $1.41132. This would complete the inner Harmonic
      Pattern (Gray). If price breaks $1.41132 and the outer APF Line, additional Targets WOULD BE Fib 100% at
      $1.47063 and Fib E127.2% AT $1.54602. This WOULD bring us to Target 1 (yellow) of the outer Harmonic Pattern
      (Green). aLL These targets are projected Swing highs, "point of Exit", and the resumption of the uptrend
      following each pull back provides THE opportunity to enter/re-enter the trade set-up, "point of Entry". 
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       360b__usdcad pattern__weekly__03_30_18_uptrend    
       360c_ usdcad pattern__ weekly_ 02_14_19 downtrend
   .  Previous conditions as described above (image 360a) remain the same. Price HAs still NOT REVERSED BACK TO
       THE ya AT $1.19348. tHE pATTERN 2 SET UP WILL BE IN PLAY ONLY IF AND WHEN THAT HAPPENS. uNTIL THEN AND
       SPECIALY IF INSTEAD PRICE CONTINUES UPTREND, WE CONSIDER THE pATTERN 1 SET-UP.  
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