USD/CAD – 4H Harmonic Completion + Trendline Break | Buy Stop Setup
USD/CAD on the 4H timeframe is showing a potential bullish reversal after completing a harmonic pattern (XABCD structure) near point D, which aligns with a key support zone.
After a strong bearish leg (CD), price has started to form a base and is now pushing toward a descending trendline resistance, suggesting a possible breakout scenario. Additionally, RSI is recovering from oversold conditions, indicating a shift in momentum.
USD/CAD on the 4H timeframe is showing a potential bullish reversal after completing a harmonic pattern (XABCD structure) near point D, which aligns with a key support zone.
After a strong bearish leg (CD), price has started to form a base and is now pushing toward a descending trendline resistance, suggesting a possible breakout scenario. Additionally, RSI is recovering from oversold conditions, indicating a shift in momentum.
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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.