CAD/CHF Harmonic BD Trade Setup

CAD/CHF Harmonic BD Trade Setup

Pattern: Harmonic Pattern
Entry Level: Above 0.62946
Target: 0.63611
Description: This is a BD trade setup identified using harmonic patterns. The potential reversal zone (PRZ) aligns with the harmonic ratios, indicating a high-probability trade setup. The entry above 0.62946 provides a clear breakout signal, aiming for the target zone at 0.63611.
Analysis: Based on the harmonic structure, this trade leverages Fibonacci retracement and projection levels for precise entries and exits.
Timeframe: Daily Chart (D1)
Risk Management: Ensure appropriate stop-loss levels below the PRZ to manage risk effectively.