USD/CAD Is Forming A Nice Gartley Pattern On The 4H Chart
USD/CAD is forming nice Gartley pattern on the 4H chart.
This pair is setting up nicely for a Gartley pattern which may complete down at level D. Since level C was somewhat shallow we have increased the D level as sellers may have more control over buyers in the short-term. We will be buyers around 1.20400 with a stop-loss of 140-150 Pips. If level D holds true to form we could see a bounce of 200-300 Pips.
This pair is setting up nicely for a Gartley pattern which may complete down at level D. Since level C was somewhat shallow we have increased the D level as sellers may have more control over buyers in the short-term. We will be buyers around 1.20400 with a stop-loss of 140-150 Pips. If level D holds true to form we could see a bounce of 200-300 Pips.