USDCAD Completed a Bearish Bat pattern and fell
The pair completed the bearish pattern. Price reacted to the PRZ and fell.
The FOMC data pushed this much lower. However I do not think that the down move is completed yet.
Trade execution
I would like to see some retracement (which is happening now), to continue shorting this pair.
Hopefully this can create a classical continuation pattern (bear flag or a triangle) to allow us to enter
This is a similar setup that I am waiting for in the USDJPY
The FOMC data pushed this much lower. However I do not think that the down move is completed yet.
Trade execution
I would like to see some retracement (which is happening now), to continue shorting this pair.
Hopefully this can create a classical continuation pattern (bear flag or a triangle) to allow us to enter
This is a similar setup that I am waiting for in the USDJPY
Commentaire:
Added in the Bollinger Bands to look for potential entry levels, hopefully at the middle or the upper band
