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lyl89
Apr 4, 2017 9:20 AM

USDCAD - Bearish Bat and Gartley Pattern on H4 Chart Short

USD/CADOANDA

Description

The gartley pattern (in grey) has completed.
However, I do not like the R:R for this pattern.
Instead, I am going to wait for the bat pattern (in blue) to complete.

R:R for bat pattern are 1.3 (TP1) and 2.2 (TP2).

I will update when pattern completes.

Comment

Comment

For those who shorted the gartley pattern, trade should be running at about 20 to 25 pips.

Comment

Gartley pattern has hit TP1 at about 49 pips.

Comment

Those who shorted the gartley, you should close and lock in whatever profits you have now. I just spotted a shark pattern, TP1 is almost hit.

Comment

TP2 almost hit for shark pattern.
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