USDCAD: Pending Bullish Bat Pattern At Key Level
We a valid upslope in place we may see that price has formed the XABC waves of a bullish bat pattern with D point exactly at the slide parallel of the median line. Sl should be placed below X point and potential targets would be the slide parallel below the median line and the median line.
USD.CAD – BULLISH CYPHER SETUP – 1.3399
On the USD.CAD 15min chart we have a potential long opportunity’s at the D leg completion of bullish Cypher setup. The price reversal zone on this pair is between 1.3399 & 1.3380. The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity’s. Potential targets for the Cypher setup placed at the .382% and .618% retracement of the C to D move. There is also opportunity to look for extended targets back into the 1.3456 resistance level Stop loss would be placed below X leg structure support. Tp 1 – 1.3425 Tp 2 – 1.3441.
In Another point of view – USDCAD keep going up
The price will go up @1.3750 we ready to sell at 1.3700 and stop at 1.3800
In Another point of view – Another swing setup for USDCAD
Common pattern for swing. looking for 500-600 pips for the first TP. USDCAD know for its correlation with oil. I am short from here.