Potential Bat Pattern Setup at Major Resistance Level
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Trade Management
Pattern: Bat
Symbol: CADJPY
Date: Tuesday, 17th of November 2015
Timeframe: 60M
Entry-Point: 93.07 (Limit Order)
Stoploss: 93.30
Take-Profit 1: 97.57
Take-Profit 2: 97.27
Description: The CADJPY price action rallies again into previous resistance zone, which was reached on the 12th of October. Therefore we have a high probability trading idea. The stoploss rests right above the highest high of the previous resistance level.
Important: If price violates 91.77 price level, the trade will be invalid.
Trade Management
Pattern: Bat
Symbol: CADJPY
Date: Tuesday, 17th of November 2015
Timeframe: 60M
Entry-Point: 93.07 (Limit Order)
Stoploss: 93.30
Take-Profit 1: 97.57
Take-Profit 2: 97.27
Description: The CADJPY price action rallies again into previous resistance zone, which was reached on the 12th of October. Therefore we have a high probability trading idea. The stoploss rests right above the highest high of the previous resistance level.
Important: If price violates 91.77 price level, the trade will be invalid.
Trade active:
Target 1 is hit. Stoploss goes to breakeven for Target 2 to hit.
