Potential Short trade opportunity on the Daily chart of the USD/CAD. USD/CAD is forming a Bearish Gartley pattern on the Daily chart. AB = CD @ 1.0880 completes around the 78.6% retracement of XA at 1.0887. It is in the zone where I would short it. Just realize that price has a high probability of going up to at least the 1.0887 level. May want to wait for a candlestick reversal pattern first. See chart below.
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Bearish Gartley - Daily, USD/CAD |
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