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RaynLim
Jan 26, 2022 1:26 PM

USDCAD - Bullish Bat Long

U.S. Dollar/Canadian DollarFXCM

Description

When Bullish Bat Pattern meets Bullish ABCD Pattern within the buy zone would you disregard the Canada Rates Decision?

Well, I will still engage the trade but will revisit it at 10.30pm.(GMT +8) 30minutes before the rate decision.

Comment

if you aren't comfortable with sudden spike, stay out of this trade

Trade active

Target1 hit 1.2618(+50), place stopped at the entry

Comment

TP1: 1.2618(+50)1.4:1[Target Attained]
SLE: 1.2570(+2)​

Trade closed: target reached

Target2: 1.2650(+82pips)2.4:1 [Target Attained]
Total Pips Gained (50+82=132pips)[Approx 1,320USD/lot traded]
Comments
Costy13
Great analysis
RaynLim
@Costy13, Thank You. Manage to caught it?
Costy13
@RaynLim, Yes my friend I was already bullish on USD/CAD, I have had 2 nice trades from this pair this week ;-)
RaynLim
@Costy13, That's Great
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