usdcad is on a current uptrend breaking previous structure. market is approaching a potential bat pattern. I drew out a kill zone (red box) at the end of the pattern to the 161.8 A to B to A extension. I also have drawn in where the latest 1 to 1 measured moved could end. Which happens to fall in the kill zone :). In the kill zone I shall look for a higher high higher close. Or you can look for double bottoms. Target 3 is a trend continuation trade that profits are taken of at the A point of the bat.
הערה:
market did not hit my buying conditions however you could of gotten in on a very aggressive buy limit. Will update when I get if I get a chance :)
הערה:
possible double bottom 1 hr rsi divergence
הערה:
tp 1