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