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ShaneHuynh

USDCAD Bullish Butterfly Harmonic Pattern

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ShaneHuynh Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Harmonic Patterns Chart Patterns
6
0
harmonicpatterns chartpattern
USDCAD is forming the final thread of the bullish butterfly harmonic pattern. Sell short with the stop loss above point A. This is a long term trade, beware of swap and size your position appropriately.

Short position setup
Comment:
The 4 hour chart shows price is in consolidation. Waiting for more clues to either stay put or to get out.
Trade closed: stop reached
Trade active:
Harmonic pattern is still ongoing. Taking profit 2.
Trade active:
profit 2 taking. Heading for profit 3.
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