The USDCAD touched resistance at 1.1098 and then fell down and it looks like about to perform bearish bat or bearish alt bat, and also match with fibonacci 61.8. from previous support.
Possible to buy on PRZ around those levels on that chart, but keep our eyes on price action whether this pattern valid or not. Let the market decide and put ur solid stop loss
Good Luck and Happy Trading
Comments
Fiboholic
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rebounce around 96 pips ... i am out .. update later
Fiboholic
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no not stupid, it depends on you how you trade that pattern as long as you have a good money management i think it's ok .. it's just 113 of XA nothing wrong with it.
I am just a novice trader, a self learner.
thank you for your feedback @colened
colened
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An "ALT BAT" is just another way of saying "i was right" when the bat pattern fails. the alt bat pattern is stupid in my opinion, but i do like the bat pattern.