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WirmachenTrader

Trend Continuation via bearish Bat Pattern on USDCAD

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
WirmachenTrader  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Harmonic Patterns Bat Good Risk/Reward trendcontinuation midterm swingtrading swingtrade structure Support and Resistance
6
0
harmonicpatterns batpattern goodriskreward trendcontinuation midterm swingtrading swingtrade structure supportandresistance
Recently saw a new structure low on the daily chart. We are now retracing into previous strc. which should become resistance. The market gives us a bearish bat pattern which acts as my reason for entry. Because we expect further downside on this pair my second target will be the retest of recent lows which gives us a nice risk/reward profile.
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