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.
Great share, it looks as if it will follow the longer term plan but I'll still be looking to short on the 1h.
LewisGlasgow
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Great share, it looks as if it will follow the longer term plan but I'll still be looking to short on the 1h.
eldeivit
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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!
LewisGlasgow
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Thank you for the wider scope, the charts are looking good but we'll see how the chart plays out by the asian session