USDCAD 1 Hour Bull Bat Pattern (Think we can go to $1.40)

Dec 9, 2015

USDCAD has been a pair that I've had my sights on for a while now. After clearing our previous level of resistance I see nothing in the way of $1.40. My optimal reversal zone starts a little bit lower around the 1.3420 level but any chance I have to get long, i'm going to take and will be certainly keeping a portion of my position on for the bigger potential move similar to what we did this summer.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
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Dec 9, 2015

Order cancelled

Looks like we're not going to get a valid Bat. Shame, oh well just have to be prepared for when the market offers the next opportunity