15min
EURUSD 15 min BatHi all,
I hope you are having fun with this wild pair.
On the chart we have a bat pattern in the make with D approximately at 1.0666
where it will meet a proven trendline resistance. For me targets will be dictated
by andrews pitchforks, each arrow shows the subsequent target.
The last arrow going up shows a potential future long trade.
The potential risk-reward is massive with this trade but if you go for the ultimate
target be ready to hold for some days. The traditional bat pattern targets will provide
good risk-reward so trading those short term is absolutely fine.
First target @ B would already give you R-R of 1:3
Goodluck guys!
To big support lines to prevent some rollback... There is a rule - don't catch a falling knife, but I will try... to big support lines here. The should generate some roll back...
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USDCAD short trade 65m chart scalp
Round number rejection
Daily momentum down
1H momentum down
15m momentum down
MA50 rejection on 15m chart
MA200 rejection on 5m chart
Trend line rejection
Slowing down , pin bar and engulfing on 5m
Enter 1:1
Cypher setup on 15minThere is a possible cypher forming on the 15min. For me it is against the 4hr trend so i am waiting for a deeper retracement into previous structure with before looking for a reason to enter. Also two possible stop-loss placements, i am personally using the lower since it is the last lower-low lower-close of the 4hr trend.
