USDCAD Potential Bearish Bat
There is a series of NSL followed by Pullback(OR) and NSL, so we are in bearish trend on USDCAD 1H.
Price is setting a potential Bearish Advanced Harmonic Pattern - Bearish Bat, and I would use this bat as an entry reason to hop on that trend.
Stops above X. and both targets will be extended
Here are the Entry, Stop and Target Levels:
Entry @ 1.2979
Stop @ 1.3010
Initial Target 1 @ 1.2859
Initial Target 2 @ 1.2800
Good Luck!
Price is setting a potential Bearish Advanced Harmonic Pattern - Bearish Bat, and I would use this bat as an entry reason to hop on that trend.
Stops above X. and both targets will be extended
Here are the Entry, Stop and Target Levels:
Entry @ 1.2979
Stop @ 1.3010
Initial Target 1 @ 1.2859
Initial Target 2 @ 1.2800
Good Luck!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.