ABCD Pattern on USDCAD (260 Pip Potential)
As the title suggests, we have an ABCD formation that is poised to hit approximately 260 pips within the month. The numbers on the pattern are very solid and the short play is corroborated by a historically bearish climate at the New Year.
Trade active
My D position placement was a little hasty, but the idea nonetheless is solid. Currently up about 250 pips on this.
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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.