On the USD.CAD 1h chart we have a potential short opportunity at the D leg completion of a bearish Gartley.
The price reversal zone on this pair is at 1.3014
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 127.2% - 141.4%
AB=CD Completion - 1.3020
Potential targets for the Gartley placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 1.2811
Stop loss would be placed above X leg structure resistance.
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The price reversal zone on this pair is at 1.3014
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 127.2% - 141.4%
AB=CD Completion - 1.3020
Potential targets for the Gartley placed at the .382% and .618% retracement of the A to D move.
There is also opportunity to look for extended targets at around 1.2811
Stop loss would be placed above X leg structure resistance.
Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official
Twitter: www.Twitter.com/Tom_H_Official