Wanted to share this double short opportunity on this pair, with these 2 BAT patterns.
Because price broke below the daily level of support (the green/red box) I have a bearish bias on this pair and I'm expecting price to keep moving down to a retest of the 0,9662-0,9577 area (next level of support). However, we've seen some resistance at the A leg of the bigger pattern (where price stopped after CAD news release last friday forming the ISL), and retest that price again (C leg of the bigger pattern and A leg of the smaller pattern) so I will take conventional targets on both patterns. I will have to wait for a break and close below the ISL to look for trend continuation trades to the downside.
Have a great week in the markets. Plan YOUR trades and trade YOUR plan (follow my journey on social medias, links in my bio)
Because price broke below the daily level of support (the green/red box) I have a bearish bias on this pair and I'm expecting price to keep moving down to a retest of the 0,9662-0,9577 area (next level of support). However, we've seen some resistance at the A leg of the bigger pattern (where price stopped after CAD news release last friday forming the ISL), and retest that price again (C leg of the bigger pattern and A leg of the smaller pattern) so I will take conventional targets on both patterns. I will have to wait for a break and close below the ISL to look for trend continuation trades to the downside.
Have a great week in the markets. Plan YOUR trades and trade YOUR plan (follow my journey on social medias, links in my bio)