The Possibility of Crab Patern and Bearish Pattern Structures
USDCAD now is still in consolidation, we might see this will retrace before way back up to complete the possiblity of Crab pattern on weekly chart.
The price action may slightly exceed the 1.618 XA leg, on the initial of the PRZ (Potiential Reversal Zone ) the completion point in valid Crab patterns. The Crab pattern also match with the Support and Resistance area , as you can see on the left side of the chart.
Sell on rise to cath the retracement and buy on dip in order to complete the possiblity of the crab pattern
Good Luck and Happy Pipping
-The Fiboholic-
The price action may slightly exceed the 1.618 XA leg, on the initial of the PRZ (Potiential Reversal Zone ) the completion point in valid Crab patterns. The Crab pattern also match with the Support and Resistance area , as you can see on the left side of the chart.
Sell on rise to cath the retracement and buy on dip in order to complete the possiblity of the crab pattern
Good Luck and Happy Pipping
-The Fiboholic-