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
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Beautiful move to target, max drawdown of 4 pips: Trade closed at +99 pips
Together with your idea, one may wish to long first, and then short it when your target is hit.