fximperija
Short

Possible SHORT

FX:EURCAD   Euro / Canadian Dollar
123 1 0
Although PA left the PRZ in upward move, failed to make a higher high beyond X so the bat pattern is still valid. However, PRZ forced PA to take a short break at 88.6 ext of XA and went to test the previous swing high. The 88.6 acted as support twice forming a possible CZ             like the one on previous swing high. The T1 is at 38.2 retracement of this impulse leg with no serious support which implies a further drop to T2 at 61.8 with some significant support levels earlier.
The pattern is not valid any more.
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