Cypher & Bat Setting up in USDCAD
Updated
Hello everyone!
Here we can see a series LOWERHIGHS followed by two bearish patterns, BAT AND CYPHER .
The ema and channel further confirms the downtrend. I prefer the Cypher pattern since it has more confluence . However you can trade the BAT pattern since it offers a good risk-reward ratio.
Hope you have a good day. Feel free to share your thoughts. Thank you for reading.
Here we can see a series LOWERHIGHS followed by two bearish patterns, BAT AND CYPHER .
The ema and channel further confirms the downtrend. I prefer the Cypher pattern since it has more confluence . However you can trade the BAT pattern since it offers a good risk-reward ratio.
Hope you have a good day. Feel free to share your thoughts. Thank you for reading.
Note
FOMC TIME! BREAKEVEN YOUR POSITION TO MINIMIZE RISK!Trade closed: target reached
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