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ShaneHuynh
Aug 15, 2018 6:50 PM

USDCAD Bullish Butterfly Harmonic Pattern Short

U.S. Dollar/Canadian DollarFXCM

Description

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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