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USDCAD Bearish Shark and Butterfly Pattern TP2 Reached

 

USDCAD Bearish Shark and Butterfly Pattern

Description: We have a Bearish Shark pattern formation on the H4 Chart Timeframe and a Bearish Butterfly Pattern on H1 Chart Timeframe. Potential minor correction is predicted.

Trade Period: Intraday Trading

Pair / Instrument: USDCAD

Time Frame: H1 / H4

The trend in the Timeframe: Bullish

The trend in the Daily Chart:  Bullish

Trade Based On: Bearish Shark Harmonic Pattern

Accuracy: %87

Recommended Lot Size: 0.08@ 10 K Account with 1:100 Leverage

Trade:  Short

The Area Of The Entry: 1.32500 – 1.32700

Stop Loss: Above 1.33100

Target 1: 1.32200 / TP 1 Reached 30 Pips

Target 2: 1.31900/ TP 2 REACHED 60 PIPS

Target 3: 1.30800

You can follow the setup: USDCAD Bearish Shark Pattern

What to pay attention: 

 

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

USDCAD Bearish Shark Pattern: 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.

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