EURCAD completing a Bat Pattern (cautious mode)

Completing the Bat Pattern at 1.4820
H4 RSI has not turned down yet, if it does, it will be showing us a bearish divergence

I will be more patient/cautious on this, reason being :
- price has just been going up and up with no indication of stopping yet
- Oil made a double top at $52 and is now $46.50, giving weakness to the CAD

Comentário:

Not in the trade. There is just no reason to take the short. Price keeps going higher, RSI also making higher highs. Now at resistance 1.4900 levels. Will see how it reacts to this resistance level.

Trade ativo:

Sorry for the late updates. I took a short when I was on the move after the break of the TL support at 1.4757. Just got home to do this updates.

Comentário:

After the pair showed a double top on H1 at the 1.49 resistance.
Typo : Entry was at 1.4857

Trade ativo:

Drawing a resistance TL off the top (2Nov), price now 1.4882 is currently being resisted by this TL. My SL is at 1.4935 above the horizontal resistance line.

Trade fechado: stop atingido:

I am out of this trade with 78pips loss. Crazy movement on this pair, still going higher