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USDCAD Short from Bearish Shark Harmonic

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Completion of Bearish Shark Pattern with Exaggerated Bearish Divergence near the D point.
Development of Head & Shoulders pattern near D point along with Wyckoff Distribution prior to the price drop.
DXY is bullish; therefore bullish continuation is expected after a potential reaction from 0.618 Fibonacci retracement level. The 1.26200 level could also be targeted for market rebalance prior to bullish continuation.
Dagangan ditutup: sasaran tercapai
Target at 61.8% retracement level reached. Potential trade opportunity for entry at imbalance fill is still on the table.
Dagangan aktif
The buy entry at 1.26200 has triggered for bullish movement at least to resistance level at 1.27550
Dagangan ditutup: hentian tercapai
It looks like price pushed down below the SL to take out liquidity at the "x" and it is also forming a bearish shark pattern. syot kilat

Penafian

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