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TheForexSamurai

Pattern Based Trade Setup with fibo confluence

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TheForexSamurai Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Harmonic Patterns
8
1
harmonicpatterns
Hi guys, another short opportunity right here on a potential bearish ab=cd and gartley pattern formation. We could aggressively short once pattern complete or wait price action enter to our zone and wait for confirmation. Multiple ways on how to confirm a trade depending on your rules. Stops for this setup is above the Pattern X point (predefined initial supply zone/resistance) and targets on the pattern's tp1 on 38.20% AD leg and tp2 on 61.80% AD leg. Trade with care.
Comment:
Trivia for this setup: Fibonacci confluence of 127.20% for the AB=CD ideal D completion and 78.60% for the Gartley pattern completion. Strong signal by which there could be a greater chance of market reaction. Caveat.
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