USDCAD - Alternate Bat completion
The alternate bat pattern is a pattern I rarely spot.
This setup on USDCAD is great in a few ways.
1. Trending (Downtrend)
2. VSA principles pointing at further downside
At the PRZ of this alternate bat pattern, there was a double top yesterday.
At the 2nd top, there was a decent increase in vol with no further increase in price.
This is a classic short setup.
I have opened short at 1.2540.
SL: 1.2620 (80)
TP: 1.2370 (170)
This setup on USDCAD is great in a few ways.
1. Trending (Downtrend)
2. VSA principles pointing at further downside
At the PRZ of this alternate bat pattern, there was a double top yesterday.
At the 2nd top, there was a decent increase in vol with no further increase in price.
This is a classic short setup.
I have opened short at 1.2540.
SL: 1.2620 (80)
TP: 1.2370 (170)
Commentaire:
Shifting my SL to 1.2450 to protect 90 pips of profit.
Target at 1.2370.