USD/CAD Long Term Setup (Short)

As the Fed rate hike approaches in the coming week, I expect rates to stay the same, leading me to have a biased view that usd will fall. As long as the C leg doesn't pass the price of A (1.32546), I believe that ucad will continue to drop based on my harmonic analysis.
To add to that, I'm hoping that OPEC puts some sort of freeze on oil production, thus leading to higher oil prices and ucad falling further.

Entry: 1.32
Tp1: 1.3070
Tp2: 1.2950
Tp3: 1.265

Sl: 1.3266

Note

So, before the debate usdcad broke the previous July high or A point on my harmonic setup. Thus this gartley is now invalid and time to get out of your shorts. But fear not, because now I am playing the cypher setup as I see usdcad going to 1.34 before falling to a 1.26xx level.

Atoms_In_Flux

Correlation Source: myfxbook.com & coincorrelation.com
(Disclosure: Correlations due tend to change over time)
--------------------------------------------------------------------
Charts are Not Investment Advice.
Charts are my own views & opinions.

Also on:

Atoms_In_Flux

Also on:

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.