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RaynLim

USDCAD - Bearish ABCD Pattern

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
RaynLim  
FX:USDCAD   U.S. Dollar / Canadian Dollar
AB=CD Harmonic Patterns Support and Resistance askforex100 USDCAD Bearish AB=CD countertrend resistance_level candlestickpattern Candlestick analysis
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abcdpattern harmonicpatterns supportandresistance askforex100 usdcad bearishabcd countertrend resistance_level candlestickpattern candlestickanalysis
The market setup for this week is interesting. We have a couple of setups that work on the lower timeframe and we have seen a couple of AB=CD pattern setups and complete.

USDCAD has an AB=CD pattern setup on the 4-hourly chart that works on the 1-hourly chart as well. What I would like to see in this Bearish ABCD pattern is that it touches 1.2812 which is also the previous Resistance Level on the 1-hourly chart. A Double Top with RSI Divergence would sweeten the deal.
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