NZDCAD Short: Bat + Gartley + 2 Channels + Larger TF TriangleNZDCAD is forming a tight PRZ at which two potential harmonic patterns are tightly confluent. This area is also confluent with point 5 in an ascending channel and potential point 4 of a descending channel. Also, an AB=CD pattern, inherent to the completion of Gartley's, is confluent in this same area. On the higher TF, this move could mark the continuation down from the rebound at point E of the expanding triangle. Since there has already been a 50% retrace from point E, there is a potential to ride this move down to the completion of a bullish bat pattern which is where I've placed the target.
Confluence in the PRZ:
Bearish butterfly completion
Bearish Gartley completion
AB=CD
Ascending channel resistance
Descending channel resistance
Larger TF expanding triangle
Larger TF potential bullish bat
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