EURCAD - continuation of short (bearish Bat) Short

Euro Fx/Canadian DollarFXCM

Description

⋅ May 11, 2017 7:14 AM

Hi everyone,
If you were following my posts, I was stopped out when price hit my protective stops.

I am re-entering the trade based on the rejection of the 20MA (BBand)
EP at 1.4913
Stops at 1.4958 (above the recent highs)
Targets at 1.4608

Trade active

⋅ May 11, 2017 7:22 AM

My entry might be a little too premature as the H4 candle has not closed yet.

H1 candles seems to be supported by the RED trendline

Trade active

⋅ May 11, 2017 9:41 AM

I am liking this current H4 candle. reject the middle BBand.

Good luck to all

Comment

⋅ May 12, 2017 3:41 AM

Price still resisted by TL resistance and the BBand. Staying the course.
SL still at 1.4958

Comments

patterntrader

⋅ May 11, 2017 4:06 PM

In fact, this chart provides a different perspective of the market. This type of charting idea never passed through my mind. It is always good to keep in touch with professional traders.
Thank you for sharing this chart. Continue your good work.