USDCAD has completed a bullish Gartley pattern in in a significant area of support. The Gartley PRZ is confluent with previous wave four support, making it possible to catch fifth wave movement to the completion of the impulse. On the longer term, I am bearish on this pair as multiple D1 bearish patterns are emerging. Near-term, this TCT has a R/R of 4.4 and the Gartley/EW targets align precisely with my short entries.
Confluence in the PRZ:
Bullish Gartley pattern completion
AB=CD pattern completion
Wave ((iv)) support at entry
Wave ((v))/5 completion at target
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.