USDCAD is nearing the completion of 2 bearish patterns: crab and deep crab. In the same PRZ, a bearish Wolfe Wave structure is nearing completion. An unhit weekly pivot makes for a nice entry with SL above .786XA and targets at .382 and .618 CD retracements.KILL ZONE CONFLUENCE:
- Bearish crab pattern completion
- Bearish deep crab pattern completion
- 1.618AB=CD (deep crab)
- 3BC projection (deep crab)
- 7.618BC projection (crab)
- 3AB=CD (crab)
- Bullish Wolfe Wave setup
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I'm closing this trade due to bullish Wolfe Wave and potential bullish Gartley. Unhit weekly pivot above price.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.