fxmentorbd

USD/CAD: Possible to create Bearich Gartley Butterfly in H4 TF

Short
FX:USDCAD   Dollar Américain / Dollar Canadien
1.2665 is a very good resistance for usd/cad pair. And here also possible to complete bearish Gartley Butterlfy D point. Where I think this pair may going to down from this D level. So, I think we can take short position from 1.2665 level with 35-50 pips stop loss and our take profit target is 1.2565 level.

If this pair did not respect this D level and break upward side and again retest this level, we can think to going Long. If we take long position our 1st profit target is at least 1.2790 level.

So, keep eyes on this pair. Best of luck and hope for the best !!!

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.