USDCAD Long: Gartley TCT at Wave ((iv)) S/R Zone

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD             has completed a bullish Gartley pattern in in a significant area of support. The Gartley PRZ is confluent with previous wave four support, making it possible to catch fifth wave movement to the completion of the impulse. On the longer term, I am bearish on this pair as multiple D1 bearish patterns are emerging. Near-term, this TCT has a R/R of 4.4 and the Gartley/EW targets align precisely with my short entries.

Confluence in the PRZ:
  • Bullish Gartley pattern completion
  • AB=CD pattern completion
  • Wave ((iv)) support at entry
  • Wave ((v))/5 completion at target

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Here is a longer TF Outlook to consider:
Trade closed: target reached
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