The pair has completed a harmonic Gartley pattern (pink) and we are predicting the completion of a deep crab pattern (blue. As a part of our strategy we bought the pair at the completion of the Gartley and we are now trading both patterns at the same time. Our target is the 4th leg of deep crab. EUR
The common European currency has continued its decline in a descending channel pattern against the Canadian Dollar. The currency pair depreciated about 1.02% in values during the last week.
Given that the 50-, 100– and 200-hour simple moving averages are located above the price level, it is likely that the decline could continue during this week’s trading...
Hello good people!
As mention above. Same trendline breakout happened. I am thinking to go short with supporting of Trendline + candlestick pattern as been marking in the box above. What do you guys think?