EverythingForex

USDCAD: Pick-A-Bat; 2 POTENTIAL Bearish Bats At Structure

FX_IDC:USDCAD   U.S. Dollar/Canadian Dollar
In a previous post on this pair (see Related Ideas: "ANALYSIS: USDCAD: Long Term Trend Line Broken. What Does It Mean") I talked about a coming down move. Since that post, prices have moved back up and are re-testing the broken trend line once again. To see that PA, please read that post.

In this post, I wanted to show 2 more pattern that are also in support of a coming move down: 2 Bearish Bats that as of the time of this posting had not yet been filled. I do expect one or both to get filled though. And then soon after, we may see that move down. I'll post a trade when they do get filled.

Pick one! GL!

*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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