empty
 
 

2016.04.1103:33:00UTC+00Fxwirepro: Usd/cad Forms Bullish Gartley Pattern, Good to Buy at Dips

  • Harmonic Pattern – Bullish Gartley pattern
     
  • Potential Reversal Zone (PRZ) - 1.2850
     
  • The pair has declined till 1.29521 after making a high of 1.31805. It is currently trading around 1.29903.
     
  • Loonie has formed temporary bottom around 1.2850 and jumped from that level. Further selling pressure can be seen below 1.2850 and break below targets 1.2800/1.2700/1.2665 in short term.
     
  • Bearish invalidation only above 1.3220. The minor resistance is around 1.3030 and break above will take the pair to next level 1.3080/1.3150/1.3220.

It is good to buy at dips around 1.2925-30 with SL around 1.2850 for the TP of 1.3030/1.3080

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback