Get started
U.S. Dollar / Canadian Dollar
Short

USDCAD ABCD completed

By BernieKruger
Updated
USDCAD is looking good for a potential reversal, waiting for some divergence to show and see whether a double top forms or maybe it will deny the ABCD and go a little higher first. Either way when divergence shows we will have a good chance of finding an entry to go short.
Trade active
Trade closed manually
closing trade 618 fib didn't get broken so it might go higher.
Trade active
Support broken reopened trade
Trade closed: target reached
waiting for trendline break and retest
Comment
1.32 is providing resistance, a break out and retest of the ascending trendline would confirm a bearish move to look for a trade entry with stop loss above the 1.32
Comment
snapshot
Harmonic Patterns
BernieKruger

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.