AUDCAD-D1-bearish bat near 1.000

FX:AUDCAD   Australian Dollar/Canadian Dollar
1767 14 22
Nice pattern almost complete near the strong psycholevel 1.000
We can place sell limit orders or wait for a reaction near that area.
SL and targets shown on chart.

Best regards.

This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).

Comment: Already In....
Hey Full Time Trader, just wondering, could the bat pattern be getting invalidated?
Sir, do you rhink same thing will happen to gbpcad as well? I think there is a possibility that a double top could have form on daily chart, hope you can post any idea about it. Thanks
Hello, you are right, i was tracking a bearish bat on GBPCAD also but the SL was too big (see below). It seems price is reacting now, i will try to find setups on lower TF. Both are CAD related pairs so its not a good idea to overexpose the account. I've learned not to be greedy and catch all moves. Regards.

+2 Reply
Agree sir, in my opinion i think we can enter now.
I was assuming it will had a pull back the trend line the rebound. Just an opinion =) Anyway, great work.
Yes! the cypher could work also. Regards.
BLKS FullTimeTrader
yeap, i am think it will continue rise only after at least the 1st target.
Thanks for the trade! However, there is a nice trendline breakout on daily chart, what you think about this? I would enter long on the pullback, if there is one.
Hello, i used to trade trendline breakouts before but know then dont work alone. We need other reasons to consider an entry. Im based on my EW count (see below). I expect one more correction to the downside so right now i will focus on shorts.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out