USDCAD: Bearish Crab Completion

FX:USDCAD   U.S. Dollar / Canadian Dollar
We have a completed Crab pattern . Looking at how price action reacted at the completion level, we do see a decent rejection. While the uptrend is still very much intact, should you decide to take this trade, it would be considered as a counter trend trade, with stops just above the recent highs and target around the previous structure level at 1.2655.

I would love to hear your opinion, feel free to comment, agree or disagree.


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