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EURCAD Potential Bearish Gartley and Short Opportunity

EURCAD Potential Bearish Gartley and Short Opportunity

Description: EURCAD entered into a midterm bullish trend. The pair completed a Bearish Butterfly harmonic pattern on the H1 chart. We might see a minor retracement towards 1.51200 – 1.51000 region. We predict the price will continue it is bullish move towards 1.52000 – 1.52500. We have two bearish patterns on the H4 Chart. A bearish Gartley and Bearish Butterfly. A bearish retracement is predicted.

EURCAD H1 CHART

 

Trade Period: Intraday / Midterm 

Pair / Instrument: EURCAD

Time Frame: H4

The trend in the Timeframe: Bullish

The trend in the Daily Chart: Neutral

Trade Based On: Bearish Gartley And Bearish Butterfly pattern

Accuracy: %93

Recommended Lot Size: 0.05 at 10K

Trade: Short

The Area Of The Entry: Two Entry Levels  1.51940 and 1.52450

Stop Loss: 1.52800

Target 1: 1.51500

Target 2: 1.50400

Target 3: 1.49800

You can view the setup :EURCAD Gartley Pattern

Note: Targets will be updated according to the completion at D.

You can check  our signal results

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

EURCAD Bearish Gartley:  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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