U.S. Dollar / Canadian Dollar
Short
Updated

USDCAD Short Opportunity: AB=CD and Butterfly Reversal Pattern

122
See chart for technical details. Be aware of economic events scheduled through to the end of the week (employment numbers from both countries, etc).
RSI (14) = 76.35
Note
A day later than I was anticipating, but what a nice reversal to end the week! Hoping for a continuation of this movement next week --- although today's change was quite sizable, so there may be some choppiness ahead.
Note
Target 1 achieved.

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