Looks like we have got some resistance in this area. Harmonic pattern - bat - short.
Short the bat
next stop at 1.618 fibonacci alternate price projection and also support
Next stop at nearest support at 1,618 fibbonacci alternate price projection
Long the dragon
Short USD CAD on daily pinbar down on trend resistance. Watch the weekly downtrend line. Watch daily channel up for downside breakout.
Buy on broken trend line retest or 38,2%-61,8% retracement of last leg up.
Long but close take profit targets till trend clarifies - will it retest breakout or come back above.
HELLO I see something that looks like harmonic pattern. Could not learn more about this pattern or forgot - probably this is Navarro 200 pattern. Target are fib grid spanned CD. Regs
Bearish AB=CD worked with shallow ABC retracement of around 30% worked .
Bearish Bat pattern
WIll this action similar to Navarro 200 pattern work? Or wil it develop into shark or beyond?
Looks like the beginning of at least retest of resistance if not new impulse formation
Maybe some corection is due. Please see the ab=cd at 1,31598. This is also 88,7% XA retracement similar to bat pattern but XAB exceede preffered 50%
SHORT AB=CD. Target line retest