(1) Big Daily Bat
(2) Daily Structure if price goes higher we can aim for the Big Bat
(3) Cypher pattern at market
(4) Bat pattern at already a little lower than market
(5) RSI Divergence
(STOP) had to be little lower than 1.13 to get a 1:1 , stops are hug also with 200+ pips
(T1) can aim for the 382 , with 136 even
(T2) can aim for the 618 , with possible 134...
We have a Bat pattern and price is coming into the Daily Structure zone.
Looking for a conservative entry such as a Double Top to get involved in a SHORT.
Then using looking at the Bat Patterns Targets for exit.
I would shoot for T2 at support instead of the conventional 0.618 Bat target.
Stops a little above 1.13
What are you thoughts on a Ghartly short USDCAD 1hourly ?
Are Ghartlys profitable for you?
On the Daily chart price has reached a support level, so it is possible that we can be looking at LONG. If we take the short-term approach, we can see maybe price may fall before going higher.