KVE
Short

USD/CAD: Large monthly bat update

FX_IDC:USDCAD   US DOLLAR / CANADIAN DOLLAR
199 0 4
This is a update from a previous post:
USD/CAD: Monthly bat, at 61.8% of XA now!


Cleaned it up and adjusted the timeframe.
If this upward momentum holds we could complete this bat within a couple of months...
Imagine what this means for OIL             too...

I will probably set 4 orders, 2 different entry levels, 2 TP's each. Exactly as on the chart!
The 1.5500 round level could provide us with cover to keep SL very tight and excellent R/R!

I'll look for structures like ending diagonals to confirm my gameplan and orders closer to the bat's completion. I might adjust or cancel sell orders depending on PA closer to completion of the bat.
If a reversal is confirmed I will seek additional short setups on smaller timeframes to add to my short position.

Hard to imagine a drop like that though judging by USD strength right now, and again what about OIL             ..., we'll see...
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