USDCAD AB=CD Pattern Completed, Targeting .382 Retracement

Here USDCAD had completed a harmonic AB=CD Pattern, and has reversed off of the 1.618 extension of the AB impulse leg.

I expect the pair to retrace to the confluence zone between the 38.2% retracement of the AD impulse leg and horizontal resistance level.

From here I will look for further shorts

Commento:

Head and Shoulders

Trade chiuso: obiettivo raggiunto