GBP/CAD forms bullish Gartley Pattern,good to sell on rallies
Pattern formed – Bullish Gartley Pattern
Potential Reversal Zone (PRZ) – 2.0950
The pattern will get invalid only above 2.0950 level. The pair has made the high of 2.0860 on Monday and has started to decline from that level. It is currently trading at 2.0616.
On the lower side minor support is around 2.0570 and break below targets 2.053/2.043 /2.034 level.
Any break above 2.095 will take the pair to new level around 2.116.
It is good to sell on rallies around 2.070-75 with SL around 2.0950 for the TP of 2.043/2.034
Potential Reversal Zone (PRZ) – 2.0950
The pattern will get invalid only above 2.0950 level. The pair has made the high of 2.0860 on Monday and has started to decline from that level. It is currently trading at 2.0616.
On the lower side minor support is around 2.0570 and break below targets 2.053/2.043 /2.034 level.
Any break above 2.095 will take the pair to new level around 2.116.
It is good to sell on rallies around 2.070-75 with SL around 2.0950 for the TP of 2.043/2.034