Bearish Crab is waiting to be completed

FX:USDCAD   U.S. Dollar/Canadian Dollar
$USDCAD still didn't reach my focus zone near 1.34. Despite it recent strength is hasn't climbed enough to complete the pattern and with the $DXY             showing signs of reversal, I have to consider possible pullback before further climb.
In the chart you see two different scenarios to monitor over the next few days/weeks:

1. Pullback towards 1.28 - If the price will close below the fast SMA line it could signal that $USDCAD will head for a pullback towards 1.28 before maybe climbing higher.

2. Further push towards pattern completion - If the Fast SMA line will hold as support, I'll wait for it to reach 1.34 and then monitor possible smaller time frame reversal patterns to time a longer term bearish position

Weekly Newsletter -

Tomer J,
The Market Zone - You trading Edge
Visit my website -
Blog -
Youtube -
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out