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USDCAD Weekly Bullish AB=CD

Long
OANDA:USDCAD   US-Dollar / Kanadischer Dollar
I am anticipating a move up to the target area which is defined by an AB=CD pattern (black lines) using the 100 level expansion on the AB leg where I cut off the previous swing high. There are 4 bearish patterns in play all of which are on their CD legs. I have identified the B levels on each bearish harmonic pattern. The most important B levels in play are the blue and the green B levels. The blue B level tells me where hidden bearish should set up on the monthly so I know that level is likely to hold. That hidden bearish will define the right wing on the blue B level harmonic pattern. The second most important B level is the green B level because it is a B extension of XA which tells me price is likely to break above the X swing. I will usually watch for a 100 level expansion defined by AB as a minimum target in this situation. I don't trade the weekly but I will use analysis like this to help me decide which direction to trade on the lower time frames.

For most complex harmonic patterns where you have two or more completing at the same time X almost always begins at B. You can use this to help solve price.

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