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lyl89

USDCAD - Potential Bat Pattern on H4 Chart

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
lyl89 Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Harmonic Patterns Bat USDCAD usdcadshort Bearish Bat harmonicforex scottcarney
3
0
harmonicpatterns batpattern usdcad usdcadshort bearishbat harmonicforex scottcarney
A bearish bat pattern is about to complete, RSI about to reach overbought level as well.
R:R at 1.2 (TP1) and 2 (TP2).

Good luck.
Comment:
Pattern completed, can look for good entry points on H1 chart.
Comment:
Trade is in the money so far.
I will be watching this trendline closely, might lock in my profits if trendline is broken upwards.
Comment:
Trade closed manually:
Locked in profits as I felt that it might not head back into the channel.
snapshot
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