MatthewBromage
Short

Newbie- Potential ABCD Pattern on GBPCAD?

FX:GBPCAD   British Pound/Canadian Dollar
18 0 1
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?
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