RCP
Short

USDCAD: nice shorting opportunity with the bat pattern

FX:USDCAD   U.S. Dollar / Canadian Dollar
FX:USDCAD            

We have a potential Bearish Bat pattern finishing @1.3088.
Besides there is a channel and strong structure at 'AD' Fibs 38.2.
IF price breaks the structure resist @1.3046, it is more likely to finish Bat pattern .
Then there is a good shorting opportunity until the structure @Fibs 38.2.
Fibs 61.8 could be taken as Target 2.

There is another opportunity to go short at the edge of channel. but R/R will differ from Bat's R/R.

Wish you a good trading day.

P.S Little correction on the chart, there should be Bearish Bat , not bullish . I apologies for the mistake.
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