USD/CAD - Bearish Butterfly

8 ก.ค. 2016

I've not posted on here for almost two months since taking the time out to develop core material for my trading course but I'm back with a huge setup!

We're looking at a potential bearish butterfly on a 4h chart for USD/CAD. Make sure to keep this one on your watchlist, we'll be watching this heavily going into next week.

I'll be expecting price to stall out around our D point, completing our pattern then a sharp move to the downside. This harmonic pattern looks extremely powerful when you take into consideration the analysis below.



Going forward I will be providing analysis on a regular basis for my followers, I hope everyone has a great weekend!