Bearish Max Gartley D1 Short

FX:USDCAD1D

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Apr 1, 2018 1:48 PM

Sell setup

Open - 1.27874

TP1 - 1.25843
TP2 - 1.23756
TP3 - 1.20435

Stop loss - 1.33804

Trade active

⋅ Apr 23, 2018 2:48 PM

TP1 Hit

Harmonic Patterns

Comments

Ceebza

⋅ Apr 23, 2018 2:57 PM

Looks like it will still go down abd hit TP2

Khoza

⋅ Apr 23, 2018 3:55 PM

@Ceebza, The Fibonacci retracement is about to hit 61.8 which is resistance at 1.29120, both the Stochastic Oscillator and CCI(14) are at overbought positions from M5 to H4. These are clear indications that it may go down.