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RaynLim
Mar 19, 2022 12:47 PM

USDCAD - Bullish Bat Long

U.S. Dollar/Canadian DollarFXCM

Description

This is one of the trading setups that could give us an entry opportunity once the market opens on Monday(GMT +8). A 3-bar reversal will be a safer bet to engaged the trade.

However, if you are comfortable taking some risks, the reward is much better now. Stop goes below X of the Bat Pattern by using my secret formula of the buffer.

Comment

Good Morning Traders. At this moment, I have not engaged in this trade. Although the Reward seems good but the reversal doesn't seems strong enough.

What a pity.
Comments
mullaysalph
I see the 61.8 retracement how could that be bat?? And again if the 79% retracement was not respected and why dont we focus on crab
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