Stink

USDCAD some Possible Patterns on the Daily

FX:USDCAD   U.S. Dollar/Canadian Dollar
This Pair is currently in a stong Bullish trend which will most likely continue, however i feel we will see an outside return soon.

I can see we have 2 possible advanced Patterns forming on the Daily timeframe .

A Bearish Gartley is possible, D completion does line up with some previous structure which could act as resistance, however this was broken last time. Also the RR for the pattern is only really 1:1 if you're going for the 618 target.

The second possible pattern which also has a better RR is the Bearish Bat, D completion is around the area where we really saw the pair drop at the beginning of the year. The stop would be at previous resistance, the pair tried to push past this level but couldnt so for me this is a safer area.

All imo of course and will see what happens
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out