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U.S. Dollar / Canadian Dollar
Long

harmonic bullish abcd pattern

By VasilyTrader
Updated
snapshot

hey traders,

on dollar canada we have just seen bearish violation of 1.32 level.
The market right now in a very oversold condition, so counter trend trades make a lot of sense.
On a 4 hour chart we have just completed harmonic abcd pattern.
And also on hourly chart we see a nice little double bottom.
snapshot

The initial target is based on BC leg.

your stop is below D.

Good luck!
Trade closed: stop reached
Bearish continuation
AB=CDDouble Top or BottomSupport and Resistance
VasilyTrader
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