LewisGlasgow
Short

EUR/CAD - Bearish Bat

FX:EURCAD   Euro / Canadian Dollar
Here we have another harmonic pattern shaping up, this time we are looking at EUR/CAD on a 1h chart with a potential bearish bat , this is looking very promising.


The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

I'll be expecting a reversal between 1.48400 & 1.48700 which would complete our D point. If you have any additional analysis on this pair please feel free to share it below.
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+1 Reply
at longer run ?
Reply
Great share, it looks as if it will follow the longer term plan but I'll still be looking to short on the 1h.
+1 Reply
Great share, it looks as if it will follow the longer term plan but I'll still be looking to short on the 1h.
+1 Reply
the day levels of fibo are in concordance with this and the ichimoku looks a declination and cloud inversion in few days, i don't know if can take the maximum levels.
but, at an other side the dead star appear (sma 200 & 400 cross) the Demark and RSI are at top and CCI is in a down trend and the diagonal resistance show the same maximum level.


the declination is here, i agree!
Reply
Thank you for the wider scope, the charts are looking good but we'll see how the chart plays out by the asian session
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