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U.S. Dollar / Canadian Dollar
Short

USDCAD: Harmonic Movement & Pullback

By VasilyTrader
snapshot

USDCAD has reached a strong 4H resistance cluster.
it matches perfectly with a resistance line of a major major falling parallel channel.

+ we have a nice confluence of 618 retracement and completed abcd pattern with D point lying exactly within the identified supply area.

based on that the price will most likely retrace.

target:
1.3095
AB=CDCADcanadiandollardollarforecastForexHarmonic PatternsSupport and ResistanceswingTechnical AnalysisUSDUSDCAD
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