USDCAD - Potential Bearish Bat with Potential 3-Drive "D" leg

U.S. Dollar / Canadian Dollar (FX:USDCAD)

Updated

FX:USDCAD U.S. Dollar / Canadian Dollar

Three Drives Bat

I'm really not sure about this one anymore, but I've been watching this market since last year and it more or less respected this analysis... At first I was trading it as a Daily harmonic chart, now I realise I should be looking at the Weekly chart more carefully. This is the reason I had not published this idea till now...

Comment:

On the monthly it looks like a Bearish Elliot Wave formation... Just watch this one

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.