2018Jul22 USDCAD H4 Possible Bearish Gartley

USDCAD has been on a recent uptrend. There is a possible bearish Gartley. Upon D completion at 1.33172 (78.6 of XA) and confirmation of the bearish bias, I will go short. Take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. The stop loss has the same number of pips as TP1 by default. Tentative details are as follows:

Trade Setup: Possible Bearish Gartley
Price Entry 1.33172
SL 1.34138 | SL pips 96.6
TP1 1.32206 | TP1 pips 96.6
TP2 1.31608 | TP2 pips 156.4
TP3 1.30642 | TP3 pips 253.0
RRR1 1.00 | RRR2 1.62 | RRR3 2.62

Order dibatalkan:

This setup is invalidated with the formation of a new swing low. (July 25)