KamalFX

USDCAD BAT PATTERN X SUPPLY - ENTRY MISSED

Short
FX:USDCAD   Dollar Américain / Dollar Canadien
Sooo annoyed that I wasn't at my lap top for market open as I missed such a good set up. Here we have a bat pattern completion which lines up nicely with a supply zone on the 4 hour time frame. The entry also lines up perfectly with the 50% Fibonacci retracement from the swing high. USDCAD has been making lower higher and lower lows so I had high expectations that we was going to move lower after this pull back.

Here is an obvious example of where I should have set a limit order but you live and you learn I guess. I am hoping the market double tops from here so I can potentially get an entry as price has already dropped 30 pips from where I wanted to get in.

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