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Henrik-SMCTrading
Jul 25, 2018 1:22 PM

CADCHF, 1h, Bat pattern Short

Canadian Dollar/Swiss FrancFXCM

Description

In a fast move this Bat pattern became complete while I was drawing it. :)
I only await confirmation to take a trade.

SL at the appropriate ATR or Fib level above X.
Targets: 38.2 and 61.8.

However, I recommend that you be careful before entering this trade when the bar that made the pattern complete was very "strong".
This usually indicates that a continued bullish move may come.
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