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Bearish Bat

USD/CAD - Bearish BatWe've got another bat formation on the daily chart, this time we're looking at USD/CAD. Price is 300 pips away from the PRZ so this is one to keep on the watch list... It has a lot of potential. The measurements for a valid bat pattern are detailed below. B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 XA Retracement: 0.886 We're looking at a 1.618 AB=CD, 2.0 BC and 0.886 XA in the PRZ for this particular setup. Right now I'm paying close attention to NZD/USD which can be found in the related ideas. Enjoy your weekend everyone!
Short
by LewisGlasgow
4
Short with harmonics on CADJPYHi guys, not so much on my charts these days (at least for my eyes), but i've been able to find this nice setup on the hourly chart. It's a bearish bat formation that's going to complete in a strong structure level (both daily and 4H) and i'm going to get in as soon as the price will touch the D completion point because of the higher trend and because it's a nice spot to expect a reversal. If you have any question/idea, comment below. Otherwise, see you in the next chart!
Short
by Roker1
2