USD CAD Butterfly Pattern Daily

If you run your chart history, the nuance of this large scale butterfly is one that has shown up before. Not only that, the conditions it has shown up under are a pretty significant strong reversal. Strong leading pairs against the dollar forecast over the ensuing weeks include the Euro and Canadian Dollar. We are likely to see a move to the opposite end of the trading range of these pairs, and if the strength of the patterns present holds then a break through them. Split targets for each scenario, move stops to break even if target 1 hits.

-Trade with money you can afford to lose
-Always use a stop loss
-It's okay to be wrong (about anything)