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