Get started
MatthewBromage

Newbie- Potential ABCD Pattern on GBPCAD?

Short
British Pound / Canadian Dollar (FX:GBPCAD)  
MatthewBromage  
FX:GBPCAD   British Pound / Canadian Dollar
AB=CD GBPCAD
1
0
abcdpattern gbpcad
Just been looking at the GBPCAD and I think I have found a ABCD pattern.
The C leg is on the 0.618 retracement (1.8300) with a possible 1.272 retracement to D leg at 1.8500

could I trade the short down to D leg then go long on the D leg?

What do you guys think?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.