(EP #05) Kelvin Trade Ideas - AUDCAD Bat Pattern 2019-12-11

10 thg 12, 2019

Four hours chart shows us the market is in sideways trend. There are two bullish bat patterns in four hour chart, the first one is the yellow one, it provides potential reversal level (PRZ) from 0.89840 to 0.89800, another one is the blue one, it provides PRZ from 0.89920 to 0.90000. The market is in up trend because we can see that market is creating a few higher low points in daily chart, so those buying signals are follow trend trades. I will use 0.89800, which is taken from yellow bat pattern's PRZ bottom, as my buy order entry price because I want the best risk reward ratio from this chart.

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