DennySantoso
Long

Bullish Bat Pattern on 1H USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
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2
Bullish Bat Pattern on 1H USDCAD , with oversold RSI , Target at 1.0658 (38.2 Fib Retracement) with Stop Loss at 1.0622 (113 Fib Extension)

Comments

I am watching a potential bullish Butterfly pattern, same XA leg as you have shown, but AB leg finishing at the July 9 low.

BC leg is the 0.618 retracement of AB and CD leg would finish at the 1.272 extension of XA, at 1.0613.

Ultimately I am looking at further downside and a possible AB=CD completion on the daily chart at around 1.0495.
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