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TerryHarmonicTrading
Nov 27, 2017 10:13 AM

USDCAD - Type 2 entry on a Shark Pattern completion Long

USD/CADOANDA

Description

USDCAD has completed a Shark pattern last week.

It bounced off the PRZ and is now coming back down to the zone.

This could be a type 2 entry.

My guess is CAD and commodities in general will continue to weaken this week.

Do wait for a price reaction at the PRZ zone before entry.

It could be a ride back to 1.28 for USDCAD.

I will also use the volume indicator for confirmation, hope to see either super low or super high volume at the PRZ.

Comment

Was a great rebound from the PRZ. Hitting the TP perfectly.

I missed this trade as I was on the plane to Shanghai.

This is the tough part about juggling a career with trading.

Congrats to those who profited off this idea.
Comments
moutaz3125
Great setup , few steps away from your target .
jose
very nice!
its high life
JonathanMcBrine
entry and exit
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