The Bullish BAT pattern on the USD/CAD daily chart is structurally valid based on strict harmonic criteria. Although point D is slightly extended (91% vs. 88.6%), the confluence of Fibonacci levels and price reaction justifies a potential buying opportunity with favorable risk-reward.
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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.