pipstrading

Is this Valid Bearish Gartley or just way to form Bearish BAT?

FX:USDCAD   U.S. Dollar / Canadian Dollar
2
If you dont look at the long term W chart, you might have missed the chance to short USDCAD to enjoy the 2,000 pips profit.

Is this considered a valid Bearish Gartley? We saw significant price action to fall at 78.6% retracement and then now hit target price 1. However, AB is less than 61.8% retracement of XA. Is it just part of the way to complete the bearish BAT?or will it continue to move down to target price 2?

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.