Short Setup with Bias and pattern inside pattern
We have a short opportunity here with pattern formation inside a pattern formation for extended targets and future market opportunity to go LONG.
Bearish Bat Pattern: 1.3424
Stops would be above the Bat's X point or above the Point of Ruin manageable by hedging positions.
TP 1: 1.3347
TP 2: 1.3300
To extended Target on a pattern completion at 1.3107 (Bullish Bat Pattern Completion) for another opportunity to LONG the market depending on future market/price action.
PS: Bearish Bias on the DXY/USD with correlated on the EURCAD (check related ideas)
Bearish Bat Pattern: 1.3424
Stops would be above the Bat's X point or above the Point of Ruin manageable by hedging positions.
TP 1: 1.3347
TP 2: 1.3300
To extended Target on a pattern completion at 1.3107 (Bullish Bat Pattern Completion) for another opportunity to LONG the market depending on future market/price action.
PS: Bearish Bias on the DXY/USD with correlated on the EURCAD (check related ideas)
Comment:
Bearish Bat pattern is complete.
