WilliamSurya

USDCAD: Butterfly on Descending Triangle Pattern

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Reason to entry:
-Butterfly Pattern
-fib confluence at 1618 completion
-1272 completion at descending triangle resistant
-RSI near overbought

Entry:
-127.2% Butterfly’s completion
-161.8% Butterfly’s completion

Exit:
-38.2% retracement
-61.8% retracement

Void if:
-Failed pattern

Remember that market always right!
Manage your trade well!

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.