U.S. Dollar / Canadian Dollar
Short
Updated

USDCAD - Bearish Butterfly - DAILY

77
USDCAD - Bearish Butterfly - DAILY
Opportunity in the next few days.
Looking at the pattern completing at top of channel, looking left we have structure Resistance also.

I will be looking for weakness in highlighted area on lower time frames.
Note
Chart confluence on the 4HR with another Bearish Butterfly

snapshot
Note
Moving toward target nicely
Note
So close it hurts!
Note
Took some time, but we are at pattern
Trade active
Short position taken

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.