Hello, I found a bearish bat on USD/CAD, I have post the same idea before, but the pattern changed a little. For this bat, XA start from 1.29138,end with1.26632. B(1.28189) is 61.8% fio retracement of XA, C (1.26781) is near 88.6% of AB.
Here, 88.6% retracement of XA and 1.618 times of BC constitute the potential reverse zone.
Short it with stop loss around 1.29318 and target at 1.28143.
If the pattern in CAD/JPY and USD/JPY come ture, CAD wil become more bullish
good luck!
Trade closed: target reached:
thanks
