GBPCAD Possible Gartley Pattern
Updated
still learning. *This is my view, and is not meant as advice for others to trade!
let's see if price goes down to end somewhere in the C leg zone and also maybe bounce off the support line. Going long at this point, is a mildy aggressive trade, but might be rewardable on it's way up to the D leg reversal zone. Once, if, at the D leg, short to 1st target; fib retracement from A to D leg, at the .382 level, 2nd target .618 level.
Constructive comments/criticism appreciated :)
Safe trading
let's see if price goes down to end somewhere in the C leg zone and also maybe bounce off the support line. Going long at this point, is a mildy aggressive trade, but might be rewardable on it's way up to the D leg reversal zone. Once, if, at the D leg, short to 1st target; fib retracement from A to D leg, at the .382 level, 2nd target .618 level.
Constructive comments/criticism appreciated :)
Safe trading
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this one became invalid! looking for a opportunity
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