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)
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)
Note
+85 pips for now.Target at 1.2370.
Note
Shifting my SL to 1.2450 to protect 90 pips of profit.
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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.