UnknownUnicorn4041773

USD/CAD Daily Three-Drives About to Complete

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OANDA:USDCAD   美元 / 加元
PRZ was tightly formed with the DE 1.272, the BC 1.618 and the 1.00 CD projection from point E. The PRZ is pretty tight and after trading a few three-drives patterns I expect a reversal in that zone. Before placing a trade, I'd watch price action to confirm the reversal before entering the trade. I have 3 price targets specified all based off of the Fib retracement of point A to point F. The targets I pick are the 0.382, the 0.618 and the 1.000 retracements. I have a feeling that this three drives is going to go all of the way to the 1.000 price target but I'm usually wrong so don't quote me on that.
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