USDCAD - Bearish Bat checkback

USDCAD has one of the best setups for the week. Aggressive Traders can consider shorting the Bearish Bat Pattern as a Trend Trading Strategy. Conservative Traders can wait for the market to pull back to 1.2562 for a shorting opportunity on the Bat Pattern.

If you are adventurous and you are familiar with the USDCAD movement, you can even stretch the final target towards the completion of the Bullish Shark Pattern on the Daily Chart.