pipstrading

USDCAD reached bearish Butterfly level, wait for PA confirmation

FX:USDCAD   U.S. Dollar / Canadian Dollar
55 8 0
USDCAD             reached bearish Butterfly level, wait for PA confirmation
What is the PA confirmation?
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i mean price action. it did has a significant bearish candle after price hit 1.272 level. unfortunately, the price broke the line eventually.
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hnvel pipstrading
thank you very much for your reply
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Could you give an update of the chart please?
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sure. sorry for the delay. the price has broke out the resistance of 1.272. pattern failed. next level to look out for should be 1.618
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hnvel pipstrading
thank you for your reply. the next level of 1.618 at which price is?
Reply
reverse 1.618 extension of XA
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hnvel pipstrading
I have calculate about 1.3180? Am I right?
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