UADCAD This Bat Pattern Can Give Us 80 Pips Going Long

UADCAD This Bat Pattern Can Give Us 80 Pips Going Long

1. Caution: On weekly timeframe the bollinger bands are getting squeezed. So a breakout can be expected. We have to be careful of that.
2. There is a bat pattern completion in the blue zone which also confluences with 200SMA on weekly chart.
3. So if the price falls into the blue zone, we can have a long opportunity for short duration targeting only adjusted 38.2 fib level as profit level. That is close to 80 pips but can be more or less after adjustment.

Transaction en cours:

right on 1.30733

Commentaire:

Commentaire:

I made a mistake on this. I overlooked previous 78.6 retracement which pushed this pattern into 1.13/1.27 Fib extension.
Anyway, I am still recovering from that and took another position at 1.272 zone. I am expecting it to finish a bullish week today because of candle stick patterns.

Trade fermée: cible de profit atteinte