Potential Bearish Gartley Pattern on EURCAD 60 Min Chart.
The EUR has held its ground at long term SR level which is around 14400 - 14450, now it looks like it could move up. If it moves to 14513 it will complete a bearish gartley pattern.
Reasons to make this trade -
Completion of Bearish Gartley Pattern
Going with the recent bearish trend
By the time it gets there it should also be oversold on the stochastic
Positive risk to reward ratio
The EUR has held its ground at long term SR level which is around 14400 - 14450, now it looks like it could move up. If it moves to 14513 it will complete a bearish gartley pattern.
Reasons to make this trade -
Completion of Bearish Gartley Pattern
Going with the recent bearish trend
By the time it gets there it should also be oversold on the stochastic
Positive risk to reward ratio