USDCAD - Bat Pattern
Potential Bat pattern forming. D point is at a level where there was some previous structure (near the X point).
There was also a Gartley pattern which was invalidated yesterday and so there is a possibility that price action could continue up beyond the D point of the Bat to a previous level of resistance at 1.32373 and invalidate the Bat but that is trading!
Targets would be at the 0.382 retracements of A to D.
Let me know your thoughts and please like and follow if this was helpful.
There was also a Gartley pattern which was invalidated yesterday and so there is a possibility that price action could continue up beyond the D point of the Bat to a previous level of resistance at 1.32373 and invalidate the Bat but that is trading!
Targets would be at the 0.382 retracements of A to D.
Let me know your thoughts and please like and follow if this was helpful.
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