Hello awesome traders! 👑✨
Let’s kick off the week with a USD/CAD 4-Hour chart — spotting a high-probability Harmonic XABCD Bullish reversal to ride higher.
🧠 Setup Breakdown
Pattern Type: Harmonic XABCD Bullish
X → A: Uptrend from 1.35399 → 1.37981
A → B: Correction down to 1.36179
B → C: Bounce up to 1.37598
C → D: Final leg down into 1.35567 completes the pattern
PCZ: Exact D-point at 1.3555–1.3565 (XABCD harmonic PRZ)
✅ Why This Works
Classic XABCD symmetry with precise Fibonacci ratios
PRZ confluence at D gives us a tight entry zone
4-hour price action shows clear rejection off D
⚔️ Entry & Risk Management
Entry Zone: Long within 1.3555–1.3565 (PRZ/PCZ)
Stop-Loss: Below X at 1.3535, ~10–15 pips under D
Risk: ≤ 1–2 % of account per trade
🎯 Target Zones
Target Zone 1: 61.8 %–78.6 % retracement of X→D → 1.3717–1.3760
Target Zone 2: 100 % extension of X→D → 1.3816
🔍 Confirmation & Invalid
Candlestick Rejection: Watch for bullish pin-bar or engulfing at D
Structure Break: Close back above the C→D trendline adds conviction
Invalidation: A decisive close below 1.3535 (below X & PRZ) negates the setup
💡 Keep It Simple:
Pattern → Identify XABCD Bullish
PRZ/PCZ → Wait for D completion zone
Trigger → Bullish price action at D
Continuation → Ride the move into your Target Zones
🔔 Monitor CAD data releases and BoC commentary for catalysts.
Wishing everyone a profitable week ahead — stay disciplined, manage risk, and let structure lead, not emotions! 🚀
Let’s kick off the week with a USD/CAD 4-Hour chart — spotting a high-probability Harmonic XABCD Bullish reversal to ride higher.
🧠 Setup Breakdown
Pattern Type: Harmonic XABCD Bullish
X → A: Uptrend from 1.35399 → 1.37981
A → B: Correction down to 1.36179
B → C: Bounce up to 1.37598
C → D: Final leg down into 1.35567 completes the pattern
PCZ: Exact D-point at 1.3555–1.3565 (XABCD harmonic PRZ)
✅ Why This Works
Classic XABCD symmetry with precise Fibonacci ratios
PRZ confluence at D gives us a tight entry zone
4-hour price action shows clear rejection off D
⚔️ Entry & Risk Management
Entry Zone: Long within 1.3555–1.3565 (PRZ/PCZ)
Stop-Loss: Below X at 1.3535, ~10–15 pips under D
Risk: ≤ 1–2 % of account per trade
🎯 Target Zones
Target Zone 1: 61.8 %–78.6 % retracement of X→D → 1.3717–1.3760
Target Zone 2: 100 % extension of X→D → 1.3816
🔍 Confirmation & Invalid
Candlestick Rejection: Watch for bullish pin-bar or engulfing at D
Structure Break: Close back above the C→D trendline adds conviction
Invalidation: A decisive close below 1.3535 (below X & PRZ) negates the setup
💡 Keep It Simple:
Pattern → Identify XABCD Bullish
PRZ/PCZ → Wait for D completion zone
Trigger → Bullish price action at D
Continuation → Ride the move into your Target Zones
🔔 Monitor CAD data releases and BoC commentary for catalysts.
Wishing everyone a profitable week ahead — stay disciplined, manage risk, and let structure lead, not emotions! 🚀
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.
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.