USDCAD Bullish Butterfly Harmonic Pattern

USDCAD is forming the final thread of the bullish butterfly harmonic pattern. Sell short with the stop loss above point A. This is a long term trade, beware of swap and size your position appropriately.

Short position setup

Comentário:

The 4 hour chart shows price is in consolidation. Waiting for more clues to either stay put or to get out.

Trade fechado: stop atingido

Trade ativo:

Harmonic pattern is still ongoing. Taking profit 2.

Trade ativo:

profit 2 taking. Heading for profit 3.