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Euro / Canadian Dollar
Long

Long EURCAD: Gartley + Shark + Crab + Pivot + Divergence

By glennmercer
Updated
EURCAD has entered the PRZ of three confluent bullish harmonic patterns within a tight PRZ and fib cluster. The .382 Gartley and Shark target aligns precisely with the new weekly pivot and the .618CD target for the bullish crab. To add to bullish bias, divergence has been printed on both the RSI and MACD oscillators. Entry is placed at the center of the PRZ with target at the .382 retracement of the larger CD leg and SL below .886XA on the Gartley pattern.

Confluence in the PRZ:
  • Bullish Gartley
  • Bullish Shark
  • Bullish Crab
  • AB=CD (Gartley)
  • 1.5BC Projection (Shark)
  • 3.382AB=CD (Shark)
  • 2.786BC Projection (Crab)
  • 2AB=CD (Crab)
  • Bullish RSI Divergence
  • Bullish MACD Divergence
  • Unhit weekly pivot above price
Trade closed: target reached
Beautiful move to target, max drawdown of 4 pips: Trade closed at +99 pips
Bullish DivergenceconfluenceCrabDivergenceEURCADGartleyglennmercergmercerfxMoving Average Convergence / Divergence (MACD)macd_divergencemissedpivotspivotPRZRelative Strength Index (RSI)rsi_divergenceSharkunhitpivot
glennmercer
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