The pattern speak for itself, the bearish ABCD pattern looks to work fine and trying to get the downtrend top channel.
Good day traders! Today I want to focus your attention on FX:USDCAD . Here we have a harmonic structure based short setup. Here is a bearish ABCD pattern which is goping to complete @1.3460 resist area with the confluence of structure resistance. The reversal might occur somewhere in this level, around the red zone. Our targets will be 1.3383 and 1.3281. -- Green...
BEARISH ABCD PATTERN CALLS FOR AN IMMINENT RETRACE
Bearish ABCD pattern appeared on USDCHF 60 min. chart. Short @ 0.9582 Target - 0.94559 Stop - 0.96427 I guess the trade will take a few days to work out.