EURCAD broke out of the uptrend channel & formed a double bottom with a stop hunt on the 1hr time frame. this could mean a pullback to re-test the channel or resistance area 1.52479 at which TP 1 profit will be booked in. if it breaks back into the channel, we looking at 12: 1 trade where TP 2 at 1.5695 and TP3 at 1.6098 could be reached.
Long on the EURUSD Gartley Pattern that completed at around 1.1755 area on the 27 Sept with RSI oversold confirmation and was also re-tested on the 04 Oct. What i do not like is the price drive through the PEZ and T-bar re-test zone.
Im exposing 50% of the position if there is lack of bullish evidence in price action.
Deep Crab Pattern formed on 4hr time frame. I am trading from point D to 38.2% of led CD for TP1 and 61.8% of led CD for TP2
As a rule from harmonic Trading by Scott Carney, its recommended to Take profit at TP1 since this is Type 1 trade.