Bullish Bat Cad Franc
The Cad is proving to be rather bullish heading into this week- here we have a bat bouncing along a pivot line. Price has already began to stall out at the D point and I have taken a long position. TP will be at 0.618; I will move my stop to break even once price hits the 0.382 level. I do not use indicators when deciding wether or not to take a trade, but an oversold RSI never goes a miss!
Bat Ratios
B: 0.382-0.5
C: 0.382-0.886
D: 1.618-2.618
xD: 0.886
Bat Ratios
B: 0.382-0.5
C: 0.382-0.886
D: 1.618-2.618
xD: 0.886
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.