BrianPenrod

USDCAD AB=CD harmonic pattern

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
looking at possible AB=CD harmonic move in the USDCAD
resistance at .618 fib retracement from the July 26th swing high

Both stochastics and RSI appear ovesold

going short @1.30477
SL @ .618 retracement of prior swing high (in yellow)
1st TP @ the .382 retracement of the CD leg (in purple)
2cd TP @ the .618 retracement of the CD leg (in purple)

thanks for viewing
Bud

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