USDCAD: Bullish bat pattern on the hourly timeframe Long

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Feb 8, 2017 12:48 PM

Hi traders,

On this USDCAD chart we have a potential bat pattern taking shape on the 1H timeframe. This pattern will remain valid as long as price has not been beyond C.
Entry: 1.30842
Stop: 1.30538
Target: 1.31512 = R:RR 2.20

Good luck traders! Updates will follow.