USDCAD - Type 2 entry on a Shark Pattern completion
USDCAD has completed a Shark pattern last week.
It bounced off the PRZ and is now coming back down to the zone.
This could be a type 2 entry.
My guess is CAD and commodities in general will continue to weaken this week.
Do wait for a price reaction at the PRZ zone before entry.
It could be a ride back to 1.28 for USDCAD.
I will also use the volume indicator for confirmation, hope to see either super low or super high volume at the PRZ.
It bounced off the PRZ and is now coming back down to the zone.
This could be a type 2 entry.
My guess is CAD and commodities in general will continue to weaken this week.
Do wait for a price reaction at the PRZ zone before entry.
It could be a ride back to 1.28 for USDCAD.
I will also use the volume indicator for confirmation, hope to see either super low or super high volume at the PRZ.
I missed this trade as I was on the plane to Shanghai.
This is the tough part about juggling a career with trading.
Congrats to those who profited off this idea.