USD.CAD - Bearish Gartley Setup - 1.3014

FX:USDCAD   U.S. Dollar / Canadian Dollar
On the USD.CAD 1h chart we have a potential short opportunity at the D leg completion of a bearish Gartley .

The price reversal zone on this pair is at 1.3014
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Fibonacci Confluence: 127.2% - 141.4%
AB=CD Completion - 1.3020

Potential targets for the Gartley placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 1.2811
Stop loss would be placed above X leg structure resistance .

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do you do CTS trading
+1 Reply
TomHall TOP faisalhasnoon
I don't use a CTS, however i do have a criteria that must be met before a trade is taken.
this is a really hight probability tread i think :) it's has 2 harmonic pattern major structure and fibs confluence and i guess the RSI will be over bout in here >> good luck bro
+1 Reply
TomHall TOP faisalhasnoon
We will have to see if or when price action approaches to the D leg.
Have a great day.
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