USDCAD: Gartley's Pattern Setup in Descending Triangle
This trade intended just for capitalizing the bounce before breakdown to the downside!
High probability price may break strong support(weak USD and descending triangle as the reason)!
Reason to entry:
-Gartley's pattern
-descending triangle
-strong support at gartley completion
Wait for RSI and candle confirmations
Entry:
-Gartley's completion
-triangle breakdown to downside
Exit:
-retest of triangle resistant (gartley's) or 38.2% retracement
-after that, price may goes down and breakdown from triangle (high probability sell setup)
Void if:
-price goes up before touched gartley's completion
-failed gartley's
Remember that market always right!
Manage your trade well!
High probability price may break strong support(weak USD and descending triangle as the reason)!
Reason to entry:
-Gartley's pattern
-descending triangle
-strong support at gartley completion
Wait for RSI and candle confirmations
Entry:
-Gartley's completion
-triangle breakdown to downside
Exit:
-retest of triangle resistant (gartley's) or 38.2% retracement
-after that, price may goes down and breakdown from triangle (high probability sell setup)
Void if:
-price goes up before touched gartley's completion
-failed gartley's
Remember that market always right!
Manage your trade well!