Greetings fellow traders, today we are analyzing the USD/CAD 4hr chart, looking at a Bearish Gartley Pattern.
The pattern is at the initial push of the C to D leg. If the pattern is completed, then the risk to reward is 1:3.
The measurements for a gartley pattern are detailed below:
B: 0.618
C: 0.386 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
Please share your thoughts!
The pattern is at the initial push of the C to D leg. If the pattern is completed, then the risk to reward is 1:3.
The measurements for a gartley pattern are detailed below:
B: 0.618
C: 0.386 - 0.886
D: 1.272 - 1.618
Final X to D: 0.786
Please share your thoughts!