There's a potential double top with RSI divergence forming on USDCAD 4H near our structure zone, and around an AB=CD completion. Also have a 1.618 extension confluence with the double top, and the trend is currently bearish.
Waiting to see if candle closes as a valid double top before selling this.
Will be using traditional targets for AB=CD patterns as the trend on higher TF is bullish.
Always conduct your own analysis before placing a trade.
Waiting to see if candle closes as a valid double top before selling this.
Will be using traditional targets for AB=CD patterns as the trend on higher TF is bullish.
Always conduct your own analysis before placing a trade.
Trade active
Comment:
Target1 hit.
Trade closed: target reached:
Target2 hit.