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Is it time now? $USDCAD 12 Oct 2010

by Gav Leave a Comment

I mentioned in twitter yesterday, I was considering building a small long position of USDCAD. I thought it will be easier to share a chart here. We have completed a Bearish butterfly, and ABCD formation. Of course, there are other factors to be considered, from technical point of view, I am interested in keeping my eyes on this pair at the moment.

This is an idea, and I am still developing the thesis. Let’s see how it goes.

Just something for you to think about.

Here is the …. CHART!

USDCAD ABCD

Filed Under: Harmonic setups, Trading Journal Tagged With: ABCD, Bearish Butterfly, Chart of the moment, FX, Trading Journal, USDCAD

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Comments

  1. Forex Trading says

    at 3:34 pm

    I can see the ABCD formation. I guess I am wondering how much of a reversal signal it will take to validate a new up move.

    Reply

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