themarketzone
Short

Second Crab pattern emerges before FOMC

FX:USDCAD   U.S. Dollar/Canadian Dollar
602 2 14
Very interesting setup on $USDCAD towards Fed's decision later today.
Second Crab pattern emerged and completed near 1.385.
This actually an Elite Zone setup sent earlier to the members and is the position is up 40 pips now.
Due to the expected volatility following the Fed's announcement, I think that $USDCAD will provide another chance to trade this strong harmonic setup as it'll probably spike above previous high.
In anyway, the key level is 1.385 and stop loss should be wide enough (above 1.4) in a way that it'll hold through the craziness

I suggest to wait for the potential upside spike and try to time the entry based on smaller time frame reversal patterns

Potential targets - 1.36, 1.345 and 1.3.

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Tomer, The MarketZone

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Tomer J,
The Market Zone - You trading Edge
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FXKOPPA
a year ago
I do believe on pattern and more believe on price action as here is my opinion.
Short
Reply
jangseohee
a year ago
snapshot

i need some signal to sell

snapshot

no signal to sell yet
Reply
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