EURCAD bearish bat pattern
Hi traders,
On the EURCAD we can see a bat pattern forming. Completion is at point D. This lines up perfectly with the blue and red trendlines. Stop goes above X. Targets are based on previous structure.
Entry: 1.45087
Stop: 1.45532
Target 1: 1.44331 = R:RR 1.7
Target 2: 1.43540 = R:RR 3.48
I will keep this updated if the pattern gets activated or gets invalidate. Best of luck!
On the EURCAD we can see a bat pattern forming. Completion is at point D. This lines up perfectly with the blue and red trendlines. Stop goes above X. Targets are based on previous structure.
Entry: 1.45087
Stop: 1.45532
Target 1: 1.44331 = R:RR 1.7
Target 2: 1.43540 = R:RR 3.48
I will keep this updated if the pattern gets activated or gets invalidate. Best of luck!
Trade active
Trade closed: stop reached
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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.
Related publications
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.