NZDCAD GARTLEY ( Structure + EMA)

27 Jan 2016

Hey traders! Have a potential bearish Gartley pattern completing @ 0.92190. Price action has put up a new structure low followed by the recent lower low. XAB and C rules criteria's are met now expecting for the D wave completion. Price action trading below the 89,144 Ema . We see a structure support which became resistance, Notice the X leg of the potential bearish Gartley pattern has been test, so it might create a double top and hit to the targets. We also see a trend-line which acted as resistance so we have a good chance of getting our targets off. Stops given above X ( the RED line) Targets are 38.2 and 61.8.
Cheers.