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Short

Updated USD/CAD Gartley

FX:USDCAD   U.S. Dollar/Canadian Dollar
We have our RSI at oversold state. The whole PRZ has been tested and we have a reversal signal right above it . The blue line represents the trend line which in my opinion has to be broken to have a valid reversal with this Gartley . I'd personally wait for a breakout to the downside to confirm my short entry. About the PRZ: AB=CD completion is on the first PRZ level and the other 2 are the .786 level followed by the BC             projection. We shall see the price action around this trend line to enter this trade or we can just enter now and close it durring the PA which has more risk involved if we get a fast rally after another trend line retest.

I would also ask you for your thoughts on when the trade should be exectued and how to proceed when we have this trend line laying below the reversal signal.

Thats all, folks.
riskmode TOP
2 years ago
I don't think this is a good gartley. XA didn't break through any meaningful resistance and theres a lot of upward momentum on the 4hour and daily. I think this is a crab. I am selling at 1.28325
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