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USDCAD Update: Bullish Shark Pattern

USDCAD Update: Bullish Shark Pattern

A Bullish Shark harmonic pattern is completed at D 1.38900.

Fundamentally: CAD is driven by Crude Oil prices. Global Dollar demand is still alive.

Our Long Trade setup is :

TRADE: Long

ENTRY 1: 1.38900

ENTRY 2: 1.37950

TARGET 1: 1.40000 / ACHIVED

TARGET 2: 1.40500

TARGET 3: 1.41200

Update: Loonie reached the first target level. We predict bullish continuation. You can book partial profit and move stop loss to entry.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

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.

 

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