USDCAD, Long on Gartley Harmonic

Waiting for price to hit the D leg, then Buy to 38.6 ad 61.8% Fib levels

Harmonic Pattern Rules

Gartley Rules
B - X-A = 61.8%
C- A-B = 38.2%-88.6%
D- X-A = 78.6% OR A-B = 1.272-1.618%
TP - A-D 38.2%-61.8%


Butterfly Rules
B - X-A 78.6%
C - A-B 38.2%-88.6%
D- X-A - 1.272-1.618% OR A-B 1.618-2.618%. I used the X-A rules for D
TP - 38.6% AND 61.2% OF A-D

Cypher Rules
B LEG, X-A = 38.6%-50%
C LEG- XAX = 1.272-1.414%
D LEG- X-C = 78.6%
TP - C-D - 38.6% AND 61.8%

Bat rules
B - X-A 38.2%-50%
C - A-B 38.2%-88.6%
D- X-A - 88.6% OR A-B 1.618-2.618%. I used the A-B rules for D
TP - A-D = 38.6% AND 61.2%

Commentaire:

Price hitting the D leg will result in a Head and Shoulders pattern. Trade still under observation