TheForexSamurai

Buy on the retest? Or else short/sell down to the completion...

FX:USDCAD   U.S. Dollar / Canadian Dollar
A potential buy/long trade opportunity here as I can expect for a retest on a support/demand area where market gave me a pullback right after a potential bullish AB=CD pattern completion hence a re-entry for a buy trade, depending on future market/price action or right after a certain top-down analysis and confirmation. With it I have a bias of a potential bearish bat pattern as well as I could manage my trade (buy/long) up to that bat completion. And in the future for another short/sell trade opportunity depending on future price/market action. On the other hand, if price breaks and close beyond the bear bat point of ruin (POR) i could expect price to complete my bullish butterfly hence giving me a short/sell opportunity down to it (butterfly completion) and another buy/long trade opportunity depending on future price/market action. We will see from there. Good luck.

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