Sell at the market. SL would be just above the swing high of the Pattern. TP would be 0.618 of 0-5 move
The daily chart of USD/CAD has formed harmonic shark pattern AB=CD. The daily chart has also formed a long engulfing candle. Also in 4-hour chart a double top pattern has been formed. So we can expect some profit booking in the counter and a long retracement could be possible.
EW analysis shows it is in wave in longer time frame. Currently sub wave 5 of sub wave (3) of wave is going on here. probable target for sub wave 5 comes around 140-150 levels. long term tgts derived from fib projections are here,
Long if it goes above 225-230's for given targets around 1.618 -2.618 of wave 1. My Elliot is not very strong yet so please correct me if I'm wrong in the wave count. Thanks.