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Patrick246

USDCAD Bullish 5-0 Harmonic Pattern

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
Patrick246 Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Harmonic Patterns
4
0
harmonicpatterns
A potential 5-0 pattern may be developing on the one hours (H1) charts of USDCAD. This is something to monitor for this week.

The harmonic ratios for a valid 5-0 pattern are detailed below.
Initial impulsive reversal at X A
B: 113.0 - 161.8%
C: 161.8 - 224.0%
D: 50%
Comment:
Pattern never completed, onto another one
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