JoMarshall
Short

Potential Bearish Gartley on USDCAD

FX:USDCAD   U.S. Dollar/Canadian Dollar
This pair has been showing bearish signs on a higher time frame so what better opportunity than to hop on the trend on a deep bearish gartley pattern completion at 1.4070's, this area is also just below the previous structure high (1.4100) so this is a trade i will be keeping an eye on.

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nice one Jo, I'll hop on board
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JoMarshall RJHumphries
a year ago
Thanks RJ, got my pending orders in place. Let'e hope the market get's there before reversing
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I believe it's the Gartley pattern is invalid, The C point doesn't retrace back into another 61.8% retracement from A to B. ;)
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JoMarshall PalmTreeTrading
a year ago
No it doesn't have to, It just needs to touch the 38.2 retracement and must not touch A. That's the gartley pattern I backtested but of course people trade it differently.
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PalmTreeTrading PRO JoMarshall
a year ago
Youre right, just as long as it works for you :) Good luck on this one !
Reply
Nihat Gokcil
a year ago
but shouldnt the c leg touch the .618 retracement before it is valid?
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