This is the bearish shark pattern on USDCAD which I spoke about 2 months back.
Finally it has completed the pattern.
Pattern Identification
USDCAD completed a bearish shark at 1.3680.
Trade Execution
I love that nice pinbar that happened at the PRZ.
It is accompanied by a nice explosive volume, which means that level is likely respected by big traders.
Next week, I will wait for a pullback to 1.3680 for a short.
EP: 1.3680
SL: 1.3770 (90)
TP1: 1.3325 (355)
TP2: 1.3055 (625)
Finally it has completed the pattern.
Pattern Identification
USDCAD completed a bearish shark at 1.3680.
Trade Execution
I love that nice pinbar that happened at the PRZ.
It is accompanied by a nice explosive volume, which means that level is likely respected by big traders.
Next week, I will wait for a pullback to 1.3680 for a short.
EP: 1.3680
SL: 1.3770 (90)
TP1: 1.3325 (355)
TP2: 1.3055 (625)
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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.
Related publications
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.