USDCAD Bullish Bat / possible 2618
So 2 things im looking at the will coinside with each other
First a Bullish Bat has formed off the back of the Bearish Gartley pattern so although we have passed the D point looks like we are coming into a previous level of support.
so risk has been reduced and offers a good RR for this pattern to take the trade 382 and 618 targets.
If we do see a rise the second target would also be the entry point for a short for a 2618 trade
and the fact we can see the RSI in the oversold area lots of reasons as above :)
First a Bullish Bat has formed off the back of the Bearish Gartley pattern so although we have passed the D point looks like we are coming into a previous level of support.
so risk has been reduced and offers a good RR for this pattern to take the trade 382 and 618 targets.
If we do see a rise the second target would also be the entry point for a short for a 2618 trade
and the fact we can see the RSI in the oversold area lots of reasons as above :)
Comment:
382 hit
Comment:
618 hit