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Teuwie1
Feb 4, 2022 10:26 AM

Bearish Bat on $EURCAD H4 Short

Euro Fx/Canadian DollarFXCM

Description

EURCAD is approaching a supply zone on the H4 Chart and a bearish Bat has formed. ADR is at 1.461700 where the price should go down. Target is the Fib 50% level, with the first exit on the 38.2% level. The safest way to play this is to wait for the correction and short it when it retraces back into the supply zone.
Comments
Teuwie1
Target reached
Aminraoof
Well analyzed
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