GBPCAD: Bullish AB=CD Pattern and the 2618 Pattern
The bullish AB=CD pattern will complete at 1.643 level and the bullish 2618 pattern finished at 1.660 level.
Meanwhile the 1.618REXT of B-C is also at 1.660 level which is also the 0.618RET of the previous rise.
Additionally, the good Weekly Demand Zone is at 1.658-1.662 levels.
So it is good to buy at 1.658-1.660 levels when the price pulls back and gives signals in the PRZ.
SL: below 1.658
TP1: 1.730
TP2: 1.770
TP3: 1.830 and further more
Obviously, it is a long-term trade plan, and I hope you can hold your positions.
Meanwhile the 1.618REXT of B-C is also at 1.660 level which is also the 0.618RET of the previous rise.
Additionally, the good Weekly Demand Zone is at 1.658-1.662 levels.
So it is good to buy at 1.658-1.660 levels when the price pulls back and gives signals in the PRZ.
SL: below 1.658
TP1: 1.730
TP2: 1.770
TP3: 1.830 and further more
Obviously, it is a long-term trade plan, and I hope you can hold your positions.
Trade active
Comment:
very nice.
Comment:
PERFECT!
