EURCAD is in consolidation after strong move up. On Daily id formed a flag pattern, and now it comes to resistance of that flag pattern.The point where it will touch the resistance is also a completion point of Bat Pattern.
I decided to set an order to sell this pair on completion of Bat Pattern.
According do my rules the stop is 20 pips above X point, ane TP1 is .382 of AD. Because Im playing agains major trend I will set my second TP on .618 of AD.
Order cancelled
Missed my entry by few pips.
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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.