SHORT LEVEL : 1.34600 & 1.35000 - WE CURRENTLY 3 PATTERN ON THIS CHART. 1. AB=CD PATTERN 2. GARLTEY PATTERN WOULD BE DONE AT THE SHORT#1 LEVEL. 3. BAT PATTERN WOULD BE COMPLETE AT SHORT ENTRY #2 - THIS CHART IS ONLY IF USDCAD KEEP GOING UP AND IF SHORT ENTRY #2 TRIGGER MY TAKE PROFIT WILL BE 1.34200.
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Here is the OTHER POSSIBLE SCENARIO if USDCAD goes DOWN! .. 1. AB=CD 2. ABCD PATTERN 3. BAT PATTERN 4. WEEKLY LEVEL
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USDCAD LONG LEVEL : 1.30400 - We have the 88.6% + 261.8% BC PROJECTION in a VERY TIGHT AREA... Does it give us a sign of potential reversal zone? For myself, it does. - Would also complete the BAT PATTERN + we can see that it is a very strong area!