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safri

Potential Bearish Harmonic - USDCAD (1Hr)

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
safri  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Harmonic Patterns harmonictraders Bearish Bat Bat potentialreversalzone PRZ
5
0
harmonicpatterns harmonictraders bearishbat batpattern potentialreversalzone prz
Hello Traders,

I have observed potential Bearish Bat Pattern on USDCAD hourly chart. Potential Reversal Zone (PRZ) is highlighted for short entry. Here, PRZ is made of 1.27AB=CD, 1.618BC and 0.886XA Fibonacci ratio confluence. This potential set up has a risk/reward ratio of 1:1.35 for Target-1 and 1:2 for Target-2.

Follow this idea for further updates.

Happy Trading!
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