EURCAD completed bearish Bat pattern

2017年5月9日

Bearish on the EURCAD

Pattern Identification
Price went up to 1.5150 late last week to complete the bearish Bat pattern.
It also formed a rising wedge (reversal) pattern and broke below

RSI forming a bearish divergence

Trade execution
Took a short trade after price went below the lows at 1.4953.
Stops are still currently above the 1.50 mark at 1.5030
Potential to move to 1.4600

2017年5月9日

トレード稼働中

Price could potentially form this bearish Shark.
If this happens, then it can retrace up to the 1.5100/20 levels

I am tightening the SL to above the arrow. Probably at 1.4992
(above the resistance TL)

2017年5月11日

トレード終了: ストップロスに到達

Price hit my protective stop loss and took me out of the trade at 1.4928.
Profit of only 15 pips.

I am looking to re-enter this trade with a target of 1.4600

2017年5月11日

ノート

Price now at past support turned resistance ??
Hopefully price can be resisted by the 20MA H4 (middle of the BBand)