USDCAD: nice shorting opportunity with the bat pattern
USDCADWe have a potential Bearish Bat pattern finishing @1.3088.
Besides there is a channel and strong structure at 'AD' Fibs 38.2.
IF price breaks the structure resist @1.3046, it is more likely to finish Bat pattern.
Then there is a good shorting opportunity until the structure Fibs 38.2.
Fibs 61.8 could be taken as Target 2.
There is another opportunity to go short at the edge of channel. but R/R will differ from Bat's R/R.
Wish you a good trading day.
P.S Little correction on the chart, there should be Bearish Bat, not bullish. I apologies for the mistake.
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