USDCAD Bullish Bat
Good support zone to use, good pattern structure, fits RvR of >= 2:1
886 fib retracement of XA leg completes the pattern. I like to get one in just before and spread another 2 in the PRZ (Price Reversal Zone) which in this case is the 886 to 1 of the XA leg shown where those 3 entries lie.
Remove unfilled scaled orders when price reverses out of PRZ
Move stops to BE at 1:1 risk/reward
Take the first entry off at T1
Then move the other 2 in a staggered fashion, below hopefully the higher lows until they both get kicked out, for maximum gain over time, rather than setting specific targets.
886 fib retracement of XA leg completes the pattern. I like to get one in just before and spread another 2 in the PRZ (Price Reversal Zone) which in this case is the 886 to 1 of the XA leg shown where those 3 entries lie.
Remove unfilled scaled orders when price reverses out of PRZ
Move stops to BE at 1:1 risk/reward
Take the first entry off at T1
Then move the other 2 in a staggered fashion, below hopefully the higher lows until they both get kicked out, for maximum gain over time, rather than setting specific targets.
Penafian
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