Loonie looks interesting for a continuing north move to
the first blue box (creating the potential Blue Gartley).
The target point sits just around the apex of the triangle
circa 1.0086
So, 2 potential ways to trade this pattern IMO.
Long on a confirmed break of the pivot high for around 80+/- pips.
And/or short on a confirmed reversal off the Gartley/apex
for upto 300-450 pips perhaps.
Be cautious that the Blue Gartley does not run on to the
higher dotted blue box to form a BF
GTA - arco
A trade in either direction has not kicked in yet.
I still have a pending long, so we'll see how the
action pans out over the next few days.
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