USDCAD: alt bat broke PRZ
The PRZ for alt bat actually caps at 113 XA, but in the previous post I shared I included the 100% XA as a component of the PRZ. this is indeed wrong, since the PRZ consists of a retracement, extension and projection, we consider that PRZ as a Price Cluster Zone (PCZ)
If you look at it, with 113 XA we get some nice numbers aligning perfectly to create the second PRZ.
Also: Look left, structure leaves clues. The highlighted grey box show previous resistance at the PRZ. It would be a good idea to put sell limits here with tight stops, preferably somewhere around 1.236-1.272 XA.
Targets as always 61.8% 38.2%, but can also be C and A
Happy trading folks
God bless
If you look at it, with 113 XA we get some nice numbers aligning perfectly to create the second PRZ.
Also: Look left, structure leaves clues. The highlighted grey box show previous resistance at the PRZ. It would be a good idea to put sell limits here with tight stops, preferably somewhere around 1.236-1.272 XA.
Targets as always 61.8% 38.2%, but can also be C and A
Happy trading folks
God bless
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