USDCAD has recently broke a swing low (support) at 1.3226 which indicates that sellers may be in control of the markets. We might get the opportunity to hope short on a pull back that happens to form two advanced patterns.
We have a bearish bat pattern on a shorter time (15min) frame and a bearish cypher on a little bit higher time frame (60min).
If price pulls back into either of these levels I will look enter short with the thought that he downward momentum will carry us to new swing lows.
We have a bearish bat pattern on a shorter time (15min) frame and a bearish cypher on a little bit higher time frame (60min).
If price pulls back into either of these levels I will look enter short with the thought that he downward momentum will carry us to new swing lows.
Trade closed: target reached:
Lost money on the bat pattern but made it all back and some on the cypher sell.