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FX_CouchPotato

GBPCAD Short

Kort
Brittiska pund/Kanadensiska dollar (OANDA:GBPCAD)  
FX_CouchPotato Uppdaterad   
OANDA:GBPCAD   Brittiska pund/Kanadensiska dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPCAD short harmonicsignals gartleypatern
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trendanalysis harmonicpatterns chartpattern gbpcad short harmonicsignals gartleypatern
GBPCAD

We have a valid harmonic pattern, which, if materializes, could bring the pair down as low as 1.6950.
Kommentera:
The price has decided to form an extended version of the pattern, resulting in a higher D point. The harmonic pattern is still valid, with the T/P remaining at the same level

snapshot
Kommentera:
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I'll push my luck with GC. It's near the resistance, and the ultimate level where his pattern remains harmonic is at 1.7189. Sure, it's not the best entry, but I'm willing to risk it.
Trade stängt: Stopp nått:
But it was nice to observe the price action around valid harmonic levels. Better luck next time.

snapshot
Kommentera:
Unfortunately, we do not see the future and do not know if the pattern is going to materialize or not. The CD leg extended to its maximum until the whole pattern broke.
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