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trader0618
May 10, 2017 11:03 AM

AUDCAD Bearish Gartley M30 Short

Australian Dollar/Canadian DollarFXCM

Description

On the AUD/CAD we can see a potential Bearish Gartley forming on M30 chart.

The PRZ of the pattern is located between 1.0119 – 1.0117 including 0.786XAD and 1.272BCD ratios.

First TP is placed at the 38.2% of the ABCD pattern at 1.0088 (31 pips from PRZ).
Second TP is placed at the 61.8% of the ABCD leg pattern is 1.0069 (50 pips from PRZ).

Best trades!
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