EURCAD
is in consolidation after strong move up. On Daily id formed a flag pattern, and now it comes to resistance of that flag pattern. The point where it will touch the resistance is also a completion point of Bat Pattern.
I decided to set an order to sell this pair on completion of Bat Pattern.
According do my rules the stop is 20 pips above X point, ane TP1 is .382 of AD. Because Im playing agains major trend I will set my second TP on .618 of AD.
Order cancelled:
Missed my entry by few pips.