USD/CAD: Possible bullish Gartley or AB=CD coming up...
Possible bullish opportunity coming up, I will be looking for smaller TF ending structures or momentum divergence if we get to the PRZ of either the Gartley or the AB=CD...
The Gartley has quite a deep B (0.729) but for me it is the only valid pattern since it wasn't for example deep enough for a butterfly... ( close but test of 0.786 B required for me!). Anyway, as long as the entry is based on smaller TF confirmation the exact level of completion is of less importance.
The setups on chart are examples of typical entries based on these sort of patterns with standard SL and targets, they will be adjusted accordingly depending on the actual entries (if any). Better R/R is always possible when based on smaller TF confirmed entries!
Above the trendline I will look for smaller TF corrections to try and trade the breakout...
The Gartley has quite a deep B (0.729) but for me it is the only valid pattern since it wasn't for example deep enough for a butterfly... ( close but test of 0.786 B required for me!). Anyway, as long as the entry is based on smaller TF confirmation the exact level of completion is of less importance.
The setups on chart are examples of typical entries based on these sort of patterns with standard SL and targets, they will be adjusted accordingly depending on the actual entries (if any). Better R/R is always possible when based on smaller TF confirmed entries!
Above the trendline I will look for smaller TF corrections to try and trade the breakout...