glennmercer
Long

Long EURCAD: Gartley + Shark + Crab + Pivot + Divergence

FX:EURCAD   Euro Fx/Canadian Dollar
EURCAD             has entered the PRZ of three confluent bullish harmonic patterns within a tight PRZ and fib cluster. The .382 Gartley and Shark target aligns precisely with the new weekly pivot and the .618CD target for the bullish crab . To add to bullish bias, divergence has been printed on both the RSI and MACD oscillators. Entry is placed at the center of the PRZ with target at the . 382 retracement of the larger CD leg and SL below .886XA on the Gartley pattern .

Confluence in the PRZ:
Trade closed: target reached: Beautiful move to target, max drawdown of 4 pips: Trade closed at +99 pips
very nice..
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Thanks Jhakas
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Hi! Thanks for sharing this beautiful intraday view. I am on the short side, though, based on my longer term analyses.

EURCAD short (UMLH touch)


Together with your idea, one may wish to long first, and then short it when your target is hit.
+1 Reply
Thank you, yes great pitchfork resistance there on the daily TF, thanks for sharing that
+1 Reply
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