USDCAD Bullish Butterfly Harmonic Pattern
Updated
USDCAD is forming the final thread of the bullish butterfly harmonic pattern. Sell short with the stop loss above point A. This is a long term trade, beware of swap and size your position appropriately.
Short position setup
Short position setup
Comment
The 4 hour chart shows price is in consolidation. Waiting for more clues to either stay put or to get out.Trade closed: stop reached
Trade active
Harmonic pattern is still ongoing. Taking profit 2.Trade active
profit 2 taking. Heading for profit 3.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.