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UnknownUnicorn101425
Sep 5, 2015 2:26 PM

USDCAD Early potential Bat pattern at structure support Long

U.S. Dollar/Canadian DollarFXCM

Description

I know this is very early so it can easily break above and close above point A which will make the setup invalid, but if price shoots down at the sunday open we got a chance of hitting 3 for 3 winners on this pair, our last 2 setups on this pair was a homerun so its been very good to us, and in general USDCAD is one of the best for pattern traders.

We are looking at a Bat pattern with our Entry level just under structure support, so we are looking for a small retracement to trigger our trade and then continue north, You all know the rules for Stops, Entry and Targets. Remember we are looking for oversold RSI as aditional confluence

Kind Regards
Thomas Jeff
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