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.

Kommentera:

Was a great rebound from the PRZ. Hitting the TP perfectly.

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.