Loonie forms bullish BAT pattern, good to sell on rallies

FX:USDCAD   U.S. Dollar / Canadian Dollar
465 2 12
Harmonic pattern formed- Bullish BAT pattern

Potential Reversal Zone( PRZ)- 1.3355

Loonie has made a high of 1.3352 on Tuesday and declined till 1.2850 from that level. It has almost formed a double top around 1.335 and not able to cross above that level.

Any break above 1.3350 will take the pair to new level 1.3880.

On the downside minor support is around 1.3250 and break below targets 1.3170/1.3140/1.3060.

Bullish invalidation only below 1.3050.

It is good to sell on rallies around 1.3290-95 with SL around 1.3350 for the TP of 1.3170
The pair is also on a downward channel on the 1H chart. Totally agree with your analysis..Thanks.
Fully agree, entered a bit earlier.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out