Thursday, October 2, 2014

USD/CAD Short Opportunity : Bearish Gartley Pattern - Daily/Weekly Chart

The USD/CAD has formed a Bearish Gartley pattern around the 1.1175 level which is the exact AB = CD level.  The pair traded as high as 1.1222 but has since backed off that high.  Candlesticks are also showing us signs of a potential turn.  Stop above point X.  Initial profit target is 38.2% Fib. Retrace. of AD run.
Manage your risk.  Happy Trading.


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