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BoonHooi

EURCAD ABCD pattern still in play

Short
Euro / Canadian Dollar (FX:EURCAD)  
BoonHooi  
FX:EURCAD   Euro / Canadian Dollar
Harmonic Patterns harmonicforex EURCAD AB=CD rsi_divergence
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harmonicpatterns harmonicforex eurcad abcdpattern rsi_divergence
I believe that although this AB=CD pattern complete early last week (see my related post).
The trade is still in play.

Pattern Identification
AB=CD completed at 1.4868
Rising wedge forming right this moment
RSI continues to show bearish divergence

Trade Execution
Let the price break below the rising wedge for a trigger, or a retest of the wedge

Related Ideas

BoonHooi
EURCAD - Completed an AB=CD pattern
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