LONG POSITION STILL EVIDENT | USDCAD (4H)

Despite running on a loss of 98pips at the moment ( see link below for reference purposes), the tendency for uptrend appears to still exist as a harmonic pattern shows up. See plan below

Tendency: Uptrend ( Bullish )
Structure: Harmonic | BAT
Observation: i. There is a price drop via XA leg.
ii. B retraces 0.5 of XA leg.
iii. BC retraces 0.618 of AB.
iv. CD is expected to be within 1.618 approximate extensions of AB.
v. D is at a 0.886 retracement of XA leg.
vi. Price above Moving Averages on lower time frames.
Trading Plan: BUY with a minimum potential profit of 300pips.
Risk/Reward: 1/4
Potential Duration: 10 to 20 days

** Please note that Stop Loss is subject to individual risk appetite per trade and account size.



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