Just been looking at the GBPCAD and I think I have found a ABCD pattern.
The C leg is on the 0.618 retracement (1.8300) with a possible 1.272 retracement to D leg at 1.8500
could I trade the short down to D leg then go long on the D leg?
What do you guys think?
The C leg is on the 0.618 retracement (1.8300) with a possible 1.272 retracement to D leg at 1.8500
could I trade the short down to D leg then go long on the D leg?
What do you guys think?