WynnFX
Short

Bearish Gartley pattern - Daily chart : USD/CAD

FX:USDCAD   U.S. Dollar/Canadian Dollar
USD/CAD             completed a Bearish Gartley pattern recently around the AB=CD level of 1.1175. The USD/CAD             had a recent high at 1.1222, but has since traded lower. Markets have been very volatile lately, so expect some erratic moves.
Initial profit target is at the 38.2% Fibonacci Retracement level of the run up from A to D on the Gartley Pattern . Stop is above point X. Manage your risk appropriately!
Happy Trading.
Looking good. At the beginning I was not sure this was going to go as planned but has done a nice pullback today. You still liking this trade?
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WynnFX bryce.moral
Yes. My initial profit target is around the 38.2 % retracement of the AD move. I just updated the Fibonacci target levels and posted an updated view of this chart due to the rally right after I first posted the USD/CAD trade idea. I'm usually a little early but if I'm patient, the trade(s) usually work(s) out. This one has tested my patience for sure. The FX Market is wild this time of year. The volatility has really picked up recently, too.
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