USD/CAD: the loonie follows the “Bat”

USD/CAD: the loonie follows the “Bat”


SELL 1.311

SL 1.3165

TP1 1.301 TP2 1.2915 TP3 1.2795

On the daily chart of USD/CAD, bears try to counterattack and implement the “Bat” pattern. Its 88.6% target corresponds to 1.2795. First of all, bears need to break supports at 1.311 and 1.3055 and pull the pair out of the upward short-term channel.


On H1, there is the strong bullish trend. To counterattack, bears have to break the support at 1.311 and implement the AB=CD pattern.



How to trade EUR/GBP?

The way EUR/GBP bottomed around 0.8700, then rose above 0.8870 and jumped from the trendline support at 0.8910 shows that the pair possesses bullish momentum.

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