USDCAD Bearish Bat Pattern and Short Opportunity
Pair / Instrument: USDCAD
Time Frame: H1
The trend in the Timeframe: BULLISH
The trend in the Daily Chart: BULLISH
Description: A Bullish Bat Pattern is forming on the H1 Chart Timeframe. Potential Bearish reversal towards Fibonacci 50% of CD.
Trade Based On: Bearish Bat Pattern
AREA OF THE ENTRY: 1.30400 – 1.30300
STOP: ABOVE X 1.30670
TARGET 1: 1.30000
TARGET 2: 1.29800
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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money
USDCAD Bearish Bat: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility