EURCAD bearish bat pattern
Updated
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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