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USDCAD - Alternate Bat completion

621
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)
Nota
+85 pips for now.

Target at 1.2370.
Nota
Shifting my SL to 1.2450 to protect 90 pips of profit.

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.