Trade Ideas Position: USDCAD Bat

Having the current candle movement, the market does suggest a potential breakout and close above the resistance.

My EA pattern recognition software I've been testing for 1-year plus picked this up as you can see it spotted a bigger picture that can't even fit the entire bat in the chart.

Definitely a countertrend setup on this.
If you had read the previous analysis the head and shoulders formation has formed up, hits its target area and move rebound from the target.

Zlecenie aktywne:

Sell Limit: 1.3380(28)
ISL: 1.3460(-80)
SLE: 1.3377(+3)
TP1: 1.3245(+135)

Komentarz:

Stops at Profit to prevent Whipsaw by US NFP
SLP: 1.3273(+107)

Zlecenie zamknięto ręcznie:

Target 2 1.3161(+219)