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UnknownUnicorn257705
Nov 3, 2015 8:24 AM

Potential Bearish Gartley Pattern on EURCAD 60 Min Chart Short

EURO / CANADIAN DOLLARICE

Description

Potential Bearish Gartley Pattern on EURCAD 60 Min Chart.

The EUR has held its ground at long term SR level which is around 14400 - 14450, now it looks like it could move up. If it moves to 14513 it will complete a bearish gartley pattern.

Reasons to make this trade -

Completion of Bearish Gartley Pattern
Going with the recent bearish trend
By the time it gets there it should also be oversold on the stochastic
Positive risk to reward ratio
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