Possible long (Bullish Gartley)

11 de mai. de 2019

USD/CAD had a good bearish break this week and had a nice short opportunity for traders that were aware. This has now opened an opportunity for a possible long opportunity coming this following week with a completed Bullish Gartley. This can also be helped with a confluence of a ''support'' featured on the upward trend on the pair. One must be on the look out for candle stick formations and overbought regions (Divergence on the RSI) to give a good confirmation. Candle sticks around this area region is key, so keep an eye for price action as a good opportunity to go long may be present. NB focus on price action for confirmation on the H4 candles and not on the RSI (RSI will just help with more info)