Potential Bullish Crab forming on $USDCAD

5 Haz 2016

Here is a potential C-D leg forming of a Bullish Crab. It would not 'activate' until the B point (May 26th low) is broken/closed. Indicators have been confirming at each point with solid reactions at the turns. The completion target also works well with my noted confluence. A break of the C point (June 2nd high) invalidates pattern & probably means a longer term pattern is playing out. I would also watch the 161.8% at $1.27393 for a bounce attempt if we get there.

8 Haz 2016

İşlem aktif

Approaching confluence ~ 1.27 ( a tad under). I want to see how it acts there out of the falling wedge type action, as well.