EURCAD Bearish Butterfly and Short Opportunity CURRENCIES INSTRUMENT: EURCAD CHART TIME FRAME: H1 PATTERN / INDICATOR: Resistance Breakout / Bearish Butterfly Harmonic Pattern PROJECTED PRICE ACTION: If the price breaks above 1.56800 resistance, Bearish Shark Harmonic Pattern would be completed at D leg - 1.57300 - Possible retracement towards initial resistance and Fibonacci 61.80%. TRADE: SHORT Area Of Entry: 1.57280 - 1.57380 Stop Loss: 1.57600 Take Profit 1:1.56800 Take Profit 2: 1.56400 EURCAD Bearish Butterfly: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility
