USDCAD Expected Direction for 12/02 to 16/02 2018

A look at the daily TimeFrame of the USDCAD have some very powerful information to display.

firstly between 1st May 2017 to 5th September 2017, the 1-5 waves were completed as can been seen from the picture below.

Shortly after, the ABC corrective wave started on 6th September 2017 and successfully corrected until 1st November 2017. which can also be seen in the picture below...

Afterwards, the price continued in a range and finally broke out of the range with the candle of 27th December 2017. check out the picture below to see that...... Meanwhile i followed the sell wave from wave 3 down to wave 5... with so much pips banked in my account..... Smilling.

Then on Friday last week, i notice the market form a harmonic pattern..(Non really good with Harmonics though), and signalling a bearish movement.... Maybe Temporally..

When the market closed on Friday, 9th February 2018, I noticed the days candle closed as a Reversal Pin Bar...I predicted the market will close as a reversal Pin Bar... Smiles. Just like the picture below

At this point, i noticed that i have enough confluences to say that the market is expected to go bullish .. can i give a percentage to my guess? I'd give it 90% possibility.
First, i had a

1. Resistance Broken 
2. The Market retesting the broken level (As support)
3. Harmonic Pattern completed, signalling a bull
4. And a Reversal Pin Bar formed

So with this 4, i have 90% chances of coming out of this trade in Profits.
Therefore.......
The picture below is my RECOMMENDATION!!!

I recommend a SELL Entry at market opening tonight

1st Profit Target.... 1.24000
2nd Profit Target.... 1.22661
Stop Loss Target .... 1.27262 (Just above the PIN BAR)

Is this a good Trade considering Risk Vs Reward Ratio? Yes
Its a 145 pips Risk against 316 pips gain..... 1:2.3 Ratio

Take it!!!
See you successful at the end of this trade,

Remember:

• Use proper Lot size management
• Comment on your expectation here when you enter this trade
• Share your result at the end of the trade
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SagaForex Team