On the USD.CAD 4hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.3480 & 1.3535
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.3300
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.3396
Target 2 - 1.3344
The price reversal zone on this pair is between 1.3480 & 1.3535
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.3300
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.3396
Target 2 - 1.3344
评论:
A consolidation period now expected.
评论:
B leg resistance now potential support.
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评论:
Price now approaching D leg completion.