USD/CAD - Bullish Crab 200+ move!!!
Hope everyone has a great weekend! Weekends are always a good time to analyze the markets, along with preparing a game plan for the week to come!
Today, we have USD/CAD on the 4H chart. Price has just broken the ascending channel and we have the potential for a bullish crab pattern. If price does reverse at D point, this could end up being a 200+ trade!!
The measurements for a valid crab pattern are detailed below.
B: 0.382 - 0.618
C: 0.382 - 0.886
D: 2.618 - 3.618
Final X to D: 1.618
I would really appreciate any feedback on this trade.
Other ideas are more than welcome as well!
Comment below! vv
Today, we have USD/CAD on the 4H chart. Price has just broken the ascending channel and we have the potential for a bullish crab pattern. If price does reverse at D point, this could end up being a 200+ trade!!
The measurements for a valid crab pattern are detailed below.
B: 0.382 - 0.618
C: 0.382 - 0.886
D: 2.618 - 3.618
Final X to D: 1.618
I would really appreciate any feedback on this trade.
Other ideas are more than welcome as well!
Comment below! vv
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