Analysis on #USDCAD
Looking at the chart you can see the USDCAD might be forming a bullish harmonic bat pattern and an ABCD harmonic pattern as well on the hourly chart, this pattern if completed it will happen in an area that has not been tested before but the market showed a bullish momentum to the upside from that zone near 1.2670 which I predicted many times before.
>> If the market comes to my structure support zone near 1.2670 where the market turned bullish in the past, I will then look for a conservative buying trade with a good risk to reward if the entry rules are met.
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Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
Looking at the chart you can see the USDCAD might be forming a bullish harmonic bat pattern and an ABCD harmonic pattern as well on the hourly chart, this pattern if completed it will happen in an area that has not been tested before but the market showed a bullish momentum to the upside from that zone near 1.2670 which I predicted many times before.
>> If the market comes to my structure support zone near 1.2670 where the market turned bullish in the past, I will then look for a conservative buying trade with a good risk to reward if the entry rules are met.
________________________________________
Dear Traders, the best "T h a n k Y o u" will be your likes and comments!
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only*
