EURCAD - Bat Pattern Completed on H1
OPEC decided to cut production, EURCAD has dropped to 1.4644.
At the same time, a bullish bat pattern has also completed with price retracing slightly above the PRZ.
RSI is moving away from the oversold level, I am ready to go long at the next hour candle.
Risk to reward ratios looks fine at 1 to 1.3 for TP1, 1 to 2.3 for TP2.
I noticed it a little late, you guys might want to wait for the ideal price to long (bottom of PRZ) to enter, it's up to you.
At the same time, a bullish bat pattern has also completed with price retracing slightly above the PRZ.
RSI is moving away from the oversold level, I am ready to go long at the next hour candle.
Risk to reward ratios looks fine at 1 to 1.3 for TP1, 1 to 2.3 for TP2.
I noticed it a little late, you guys might want to wait for the ideal price to long (bottom of PRZ) to enter, it's up to you.
Trade ativo
Entered at 1.46746, let's see how it goes.Trade ativo
Trade is in the money at about 40 pips, I'm shifting my SL to breakeven.Nota
TP1 hit with 78 pips profit =)Trade fechado: objetivo atingido
Decided to lock all profits instead of waiting for TP2
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.