USD/CAD is forming a combination of bullish Gartley and bullish butterfly pattern at potential D point. Elliot wave pattern also found in the harmonic set-up. Corrective C wave has completed near bullish D£ point. So, this area is a high probable buying area with a nearby S/L 11140 and extreme S/L 11040. My entry is at 11234 @ 78.6% retracement of X£A£.
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Price did not go up at 78% fibo level. Rather moved to 88% fibo level at 11140 down by 100 points. Market is very indecisive here. It made bearish, bullish and then bearish daily bar in past 3 days. By looking last 3 bars, it seems market is consolidating and making bottom pivot. Watch for Monday's open price. If it opens above friday's close, it is expected to take new uptrend.
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