GBPCAD, Short on broken Trendline & Gartley Harmonic
GBPCAD has broken the upward trendline. It hit first support and couldn't make a strong rally back to the trendline.
Analysis considers
1. Gartley pattern. TP 1 at 38.6% already hit. Now aiming for TP2 at 61.8% Fib
2. Targetting next support which is around the 61.8% Fib.
Analysis considers
1. Gartley pattern. TP 1 at 38.6% already hit. Now aiming for TP2 at 61.8% Fib
2. Targetting next support which is around the 61.8% Fib.
Trade active
Comment:
nice descent
Comment:
200 pip drop