USD/CAD - Bullish Crab 200+ move!!!
Hope everyone has a great weekend! Weekends are always a good time to analyze the markets, along with preparing a game plan for the week to come!
Today, we have USD/CAD on the 4H chart. Price has just broken the ascending channel and we have the potential for a bullish crab pattern. If price does reverse at D point, this could end up being a 200+ trade!!
The measurements for a valid crab pattern are detailed below.
B: 0.382 - 0.618
C: 0.382 - 0.886
D: 2.618 - 3.618
Final X to D: 1.618
I would really appreciate any feedback on this trade.
Other ideas are more than welcome as well!
Comment below! vv
Today, we have USD/CAD on the 4H chart. Price has just broken the ascending channel and we have the potential for a bullish crab pattern. If price does reverse at D point, this could end up being a 200+ trade!!
The measurements for a valid crab pattern are detailed below.
B: 0.382 - 0.618
C: 0.382 - 0.886
D: 2.618 - 3.618
Final X to D: 1.618
I would really appreciate any feedback on this trade.
Other ideas are more than welcome as well!
Comment below! vv
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.