USDCAD - Alternate Bat completion Giá xuống

U.S. Dollar/Canadian DollarFXCM

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⋅ 12 Th01 2018 08:53

The alternate bat pattern is a pattern I rarely spot.

This setup on USDCAD is great in a few ways.

1. Trending (Downtrend)
2. VSA principles pointing at further downside

At the PRZ of this alternate bat pattern, there was a double top yesterday.

At the 2nd top, there was a decent increase in vol with no further increase in price.

This is a classic short setup.

I have opened short at 1.2540.

SL: 1.2620 (80)
TP: 1.2370 (170)

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⋅ 13 Th01 2018 04:19

+85 pips for now.

Target at 1.2370.

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⋅ 16 Th01 2018 03:45

Shifting my SL to 1.2450 to protect 90 pips of profit.

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AshaDi

⋅ 14 Th01 2018 23:37

the price is bouncing back a little now, do you reckon the market will still go down until 1.2370 without any major change?

TerryHarmonicTrading

⋅ 15 Th01 2018 03:35

@AshaDi, it might retrace to the top of the trendline before falling. If you are holding short, make sure your stops are above the highs of the trendline resistance.

AshaDi

⋅ 15 Th01 2018 07:12

@TerryHarmonicTrading, I just closed it, bought too low and the allowed SL is also relatively low... too risky... lost lots of money on euro/usd last week, need to chill and get some solid profit back this week... currently on short AUDUSD, it retraced nearly 78% now, aiming for 100. May I ask what’s ur suggestion for other pairs?

TerryHarmonicTrading

⋅ 15 Th01 2018 08:30

@AshaDi, bought too low or sold too low?

AshaDi

⋅ 15 Th01 2018 09:10

@TerryHarmonicTrading, sold...

abdulHaseeb

⋅ 14 Th01 2018 05:06

a good combo of harmonic and vsa, nice setup and well executed.

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