FX:EURCAD GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD SHARK: Point B: 61.8% XA Point C: 113% to 161% AB Point D: 161% to 224% BC 88.6% to 113% XC Target: 38.2% to 100% CD Safe Trades; open.spotify.com
This pull back is providing a nice risk reward ration of 1:2 for a long, if the pair pulls back further you can still get a good RR by extending SL to below 1.45118 and targeting 1.5475
There are 2 bullish AB=CD patterns, completing almost exactly in a tight zone. In these situations, bears usually lose interest selling further and this will cause the price to go up. I have shown my suggested TP levels. This analysis remains valid as long as the 1.4160 support is not taken out. Good luck, Ali Sharif Azadeh, CFTe