MichaelCollins18
Short

USDCAD Bearish Butterfly 4 hour chart

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Good afternoon everyone, here we have a Bearish butterfly pattern having formed from USD/CAD on a 4 hour chart.

The valid ratios for a Butterfly pattern are:
X-B: 0.786
A-C: 0.382-0.886
B-D:1.61-2.61
X-D 1.272

This is an excellent trading opportunity with a risk reward of 1:3

I hope yous all have a good week ahead folks and feel free to ask questions or keep in touch.









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