This is a 1h chart for USDCAD. In it you see a harmonic pattern, with two pitchforks.
PF one is the X-CD pitchfork. PF two is the XA-BF or Best Fit, pitchfork. We can see that the price action is going with the XA-BF pitchfork.
Pay attention to what price has been doing inside PF two. Notice how it goes within the bands of the PF? This can be very helpful when deciding one what your next trade will be.
PF one is the X-CD pitchfork. PF two is the XA-BF or Best Fit, pitchfork. We can see that the price action is going with the XA-BF pitchfork.
Pay attention to what price has been doing inside PF two. Notice how it goes within the bands of the PF? This can be very helpful when deciding one what your next trade will be.