After reaction on 50% Fibo, possible Leonardo harmonic pattern scenario at 78.6. There is also S/R zone in this area.
Price is testing important resistance level (that acted previously as support). There is also Leonardo harmonic pattern fulfilled in this area. Some move down expected
Bitcoin is slowly declining. It broke from triangle pattern. Possible bullish reaction at 78.6 (Leonardo pattern) or 88.6 (Bat pattern)
Our midterm USDCAD long trade reached the targets - see attached - We will look for a short opportunity as described on the chart. Our Area Of Short Entry: 1.36710 - 1.37815 Targets and Stop Loss will be set later. Tools and Calculations Used for the Short Entry: Conflicting trend lines _ Monthly / Weekly - Zig Zag lines readings Bearish A Leonardo...
Chart Time Frame: H1 As described in the chart. Good Luck and Happy Trading. Visit our website for more
We can see Leonardo pattern. It suggest downtrend soon. Wait for confirmation, or get short position now - YOUR RISK.
Leonardo pattern confirmed - we are in uptrend now. Target 1 - 13800$, target 2 - 14900$.