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UnknownUnicorn4041773

USD/CAD Daily Three-Drives About to Complete

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
UnknownUnicorn4041773  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Harmonic Patterns Three Drives three USDCAD dailyanalysis
2
0
harmonicpatterns threedrivespattern three usdcad dailyanalysis
PRZ was tightly formed with the DE 1.272, the BC 1.618 and the 1.00 CD projection from point E. The PRZ is pretty tight and after trading a few three-drives patterns I expect a reversal in that zone. Before placing a trade, I'd watch price action to confirm the reversal before entering the trade. I have 3 price targets specified all based off of the Fib retracement of point A to point F. The targets I pick are the 0.382, the 0.618 and the 1.000 retracements. I have a feeling that this three drives is going to go all of the way to the 1.000 price target but I'm usually wrong so don't quote me on that.
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