"USDCAD - Bearish Bat pattern at strong structure level" by trader Daniel.Dalo — published August 03, 2014

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Short

U.S. Dollar / Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar / Canadian Dollar

Harmonic Patterns Bat

harmonicpatterns batpattern

Waiting for a retest of the resistance zone to go short until at least the first target gets hit.

SL: 1.0960
TP1: 1.0820
TP2: 1.0765

Good luck!

Agree.. but longer term bullish (daily bullish bat) + weekly channel break... I am long

dionvuletich

I also agree with you, I would just expect to catch some pips from this move and then jump on a long position when I find a good place to enter.

Thanks and best of luck!

Daniel.Dalo

=) I enjoy your posts, bats are my absolute favourite patterns followed by gartleys and last is cyphers (I tested only 50-55% win rate and relatively low R:R),
I would take this trade as well too but have too many other positions on and maxed out my self-imposed risk/ exposure limit
Check out gold daily 70.7 gartley (I'm going to buy again there) or eurgbp monthly bat.. or even nasdaq100 quarterly gartley ABCD, I sold it earlier today for a swing/position trade based on monthly candle close and bearish divergence RSI

dionvuletich

Thank you very much!! I must say that Bats are also my favorite, they offer the best risk/reward. Actually there was a small Bat at the beginning of the big swing upwards, so a great example of how good they can be.

I'm going to check on those you say, thanks again!

Best of luck buddy ;)

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