GBPCAD Short

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GBPCAD

We have a valid harmonic pattern, which, if materializes, could bring the pair down as low as 1.6950.
Nota
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

istantanea
Nota
istantanea

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 chiuso: stop raggiunto
But it was nice to observe the price action around valid harmonic levels. Better luck next time.

istantanea
Nota
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.
istantanea
Chart PatternsgartleypaternGBPCADHarmonic PatternsharmonicsignalsshortTrend Analysis

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