USD.CAD Bearish Bat 4hr explained

On the 4hr chart there is a bearish bat pattern I am looking to go short in at D leg completion. If you look back a bit you can see price has bounced off this zone several times which indicates price action may follow. Look for other signals such as an oversold RSI to get you a better entry. Stops above X leg, personally I use an ATR based stop but you can do a 1:1 risk reward or whatever fits your trading plan. Targets are at the 38.2 and 61.8 of c to d. Just to disclaim this is just advice and by no means should be taken as something that will guarantee you too make profit, always follow what is in your plan.

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this pattern became invalidated.