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AidanMDang
Jun 10, 2019 7:54 AM

USDCAD AB=CD Pattern Completed, Targeting .382 Retracement Long

USD/CADOANDA

Description

Here USDCAD had completed a harmonic AB=CD Pattern, and has reversed off of the 1.618 extension of the AB impulse leg.

I expect the pair to retrace to the confluence zone between the 38.2% retracement of the AD impulse leg and horizontal resistance level.

From here I will look for further shorts

Comment

Head and Shoulders

Trade closed: target reached

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