Butterfly Complete - Now Potential Bat!
USDCAD - Looking bullish, we had a butterfly pattern complete on the D point which was also a previous weekly BOS zone.
Price then broke the LTF momentum trendline and broke structure on the 3/4H TF creating EQH, indicating bullish momentum.
Price is now making LH & HL and we have a potential bat forming, this bat fits nice with the weekly downtrend as the.886 lands in a weekly supply zone and is a good place to look for shorts if the weekly downtrend continues (Once/if price reaches that zone!)
Let me know your thoughts?
Price then broke the LTF momentum trendline and broke structure on the 3/4H TF creating EQH, indicating bullish momentum.
Price is now making LH & HL and we have a potential bat forming, this bat fits nice with the weekly downtrend as the.886 lands in a weekly supply zone and is a good place to look for shorts if the weekly downtrend continues (Once/if price reaches that zone!)
Let me know your thoughts?
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