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TheForexSamurai

H1 - Short on the USDCAD...

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TheForexSamurai Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Harmonic Patterns Chart Patterns Trend Analysis
5
0
harmonicpatterns chartpattern trendanalysis
I have an opportunity to short/sell trade this market, waiting for the release (catalyst) later that could affect this market. Trade with care.
Comment:
Price exceeds our PRZ, giving us an invalid setup already.
Comment:
But we got the 261.8% (red line) for the pattern's validity (authenticity). Could this give us a bearish movement once price hit that? We will see...
Comment:
We also got a setup previously on this one as per TRS (looking to short) now could we see it right now? As we got both 261.8 and 61.8 fibo level confluences. 261.8 for the bear bat authenticity (PRZ) and 61.8 for the TRS. We will see from there.
snapshot
Comment:
TP 1 and TP 2 reached if setup is taken.
Trade closed: target reached:
TP 3 hit!
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