GBPZAR - Gartley Harmonic I dont believe in Bearish or Bullish Gartleys. Gartleys are interesting. My thought pattern. X to A pullback 0.618. 0.618 the "perfect" low before a swing up. Fib A to B near enough 0.786 and according to Gartley 0.888 high. Coincidentally has confluence with drawn TOP of ascending channel that can also be known as a "possible" and "probable" resistance. The pullback again Gartley level, would be an approximate to the decending channel (red) at 0.782. Interesting. : ) Be looking at a possible reversal at 0.382 approx 20.5 to break the pattern on the downtrend.
Harmocinc
USDCAD - Conter Trend OpportunityI'm looking at a potential counter trend trading opportunity on USDCAD.
We have a conjunction of harmonic move, fib extension and structure level.
Once price goes to our potential reversal zone look for your entry reasons.
This structure trade presents low risk and high potential of reward for those of you who want to ride this boy down to previous structure level.