Wednesday, August 8, 2012

Bullish Gartley Pattern - USD/CAD, Daily Chart

Bullish Gartley pattern has formed on Daily USD/CAD Chart.  Current D point is around 78.6% Fibonacci retracement of XA.  Gartley pattern is valid up until point D goes below point X.  Then, a possible Butterfly pattern may be forming.  Price target levels drawn on chart.  Correction:  D point on chart should read,
 D = 0.9961 instead of  D = 0.9662.


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