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USD/CAD Trade Idea

Harmonic Pattern formed - Bearish BAT pattern

Potential Reversal Zone (PRZ) -1.3087

  • Any break above 1.3087 will take the pair to next target 1.3135/1.3180.
     
  • On the downside minor support is around 1.3025 and break below targets 1.2980/1.2950/1.2900.

It is good to sell on rallies around 1.3050-53 with SL around 1.3087 for the TP of 1.2980/1.2950

  Resistance

R1- 1.3870

R2-1.3140

R3- 1.3180

Support

S1-1.3025

S2-1.2980

S3-1.2950

 

  • Market Data
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