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lyl89
Oct 5, 2017 1:41 PM

USDCAD - Potential Bat Pattern on H4 Chart Short

U.S. Dollar/Canadian DollarFXCM

Description

A bearish bat pattern is about to complete, RSI about to reach overbought level as well.
R:R at 1.2 (TP1) and 2 (TP2).

Good luck.

Comment

Pattern completed, can look for good entry points on H1 chart.

Comment

Trade is in the money so far.
I will be watching this trendline closely, might lock in my profits if trendline is broken upwards.

Comment

Trade closed manually

Locked in profits as I felt that it might not head back into the channel.
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