LONG then SHORT here on the EURCAD with ACP Bias!!!
A BO above a potential TL can give as an opportunity to go LONG and target would be on pattern completion which is a bearish Bat pattern by which we got a SHORT opportunity.
Aggressive can have pending Buy stops above the previous swing high and Stops would be below a swing low by which we can tell that it is a support, conservative can wait for a retest or atleast a retracement before going long.
On the SHORT opportunity, aggressive can have pending Sell limit on the pattern completion of the Bear Bat and conservative can wait for confirmation to go SHORT. Stops would above the Bat's X point.
TP1: 1.3954
TP2: 1.3889
Aggressive can have pending Buy stops above the previous swing high and Stops would be below a swing low by which we can tell that it is a support, conservative can wait for a retest or atleast a retracement before going long.
On the SHORT opportunity, aggressive can have pending Sell limit on the pattern completion of the Bear Bat and conservative can wait for confirmation to go SHORT. Stops would above the Bat's X point.
TP1: 1.3954
TP2: 1.3889
Komen:
Hi guys take note that there is another bullish pattern formation coming right here.
Komen:
Hi guys, we got near to complete bear pattern.
Komen:
We can close some of our LONG positions right here.
Komen:
Our bear Bat pattern is now complete. Aggressive can enter short. Conservative can wait for further confirmation.
