Potential Short Trade on USDCAD
Actually We have:
1-Gartley Pattern
2-Resistance Area
3-0.50 Fibonacci retracment from The last impuls Leg of the Move
4-Strong Supply Zone
-We Here Noticed that Price has broke the support area (1.2365:1.2385) ....and go lower until price has found a support area at (1.2200)
-We Anticipate that Price will go higher to Re-test The broken Support Area which is already became a resistance area
-The Area Between (1.2365:1.2385) is perfect Place for Potential Short Trade on USDCAD
-Our Stop must Be Above Point (x) of the Gartley Pattern and Supply Zone
-Our Target can Be 0.618 From (A) to (D) Leg ....
-We Can Also Shoot our Target to the Re-test of Support Arear at 1.2200
-Because we are Already in Bearish Continuation trend ...So Big Target can Be Achieved
Be sure to Be Ready ....!!
Thanks ......!!
Actually We have:
1-Gartley Pattern
2-Resistance Area
3-0.50 Fibonacci retracment from The last impuls Leg of the Move
4-Strong Supply Zone
-We Here Noticed that Price has broke the support area (1.2365:1.2385) ....and go lower until price has found a support area at (1.2200)
-We Anticipate that Price will go higher to Re-test The broken Support Area which is already became a resistance area
-The Area Between (1.2365:1.2385) is perfect Place for Potential Short Trade on USDCAD
-Our Stop must Be Above Point (x) of the Gartley Pattern and Supply Zone
-Our Target can Be 0.618 From (A) to (D) Leg ....
-We Can Also Shoot our Target to the Re-test of Support Arear at 1.2200
-Because we are Already in Bearish Continuation trend ...So Big Target can Be Achieved
Be sure to Be Ready ....!!
Thanks ......!!