USDCAD... Are we going down??
Price is clearly showing pattern of channel line rejections, we have had 4 so far. We also have some Bearish Hidden Divergence forming which could lead to a nice bearish leg down to test the bottom of the channel.
It would also be a clear 3 wave correction pattern too! A lot of potential confluence to go long after the move down.
This would also form a bullish set up (Bull 123)/(Bullish Gartley)
Look for entries on the lower time-frames, preferably the 1hr. Stops @ or above 1.28969
#BearringtonTrader
#HappyTrading
It would also be a clear 3 wave correction pattern too! A lot of potential confluence to go long after the move down.
This would also form a bullish set up (Bull 123)/(Bullish Gartley)
Look for entries on the lower time-frames, preferably the 1hr. Stops @ or above 1.28969
#BearringtonTrader
#HappyTrading
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Disclaimer
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.