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)
