Was checking out the forex calendar and realized we have CAD news tomorrow.
USOIL caught my eye on the H1 timeframe due to the completion of the Gartley pattern.
A good Gartley pattern is made up of 3 significant lines at the PRZ.
1. XA 78.6
2. BC 113-161.8
This setup is a little unique as the AB=CD completion exceeded the XA 78.6 level.
Many people say that it is incorrect to build harmonic patterns before they are completed, but we all predict the price and we need to use all the features that we have
Use money management, stop loss etc
EURNZD has a very good potential for downside. You can see my target on the daily chart. There is also a completed Gartley Pattern in 1D chart. Now, I'm waiting for a correction to take a short trade.
EURAUD warrants your attention guys.
I have mapped out a daily TF channel which started from July 2017 and we are getting close to the bottom extreme of the channel.
This is likely to be a support zone watched by many traders for them to get long.
This level is also supported by a Gartley pattern which will complete nicely at the low of the channel.