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cheminacci
Apr 5, 2020 5:13 PM

Bullish Bat and Bullish Butterfly on USDCAD Short

U.S. Dollar/Canadian DollarFXCM

Description

This is an addendum to a previous idea posted (which is linked below). I noticed that the bullish butterfly in the channel has a potential reversal zone that meets with a large bat pattern on the larger time frame. The overlapping of these two zones is due to strong fibonnaci confluence in the market, as well as near a gap at previously at those levels in the market.

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