I will be watching the price at the 2 targets of the pattern as well as the Bat completion points to decide whether to close my CAD longs and switch to short to trade the bat patter, close the position all together or stay in the trade.
I have moved my stop losses to breakeven (.76275 and .7623 /6cH7). The next levels I am watching on USD/CAD are 1.30875, 1.3067, and then the two entry points to the bullish bat patterns at 1.3030 and 1.3009. I will update my thoughts around that time, should it come.
Came 1 pip away from the AB=CD TP2 @ 1..30875, and there has been a pretty small bounce. It looks as if yet another AB=CD pattern may complete, within the original entry zone.
Will get out of my positions at 1.30705 and am considering reversing there
I am currently flat in USDCAD, looking to enter short if I am given the opportunity at 1.3116
Both targets of the Bearish Gartley above were hit
Will enter the trade shown in the update if the price returns that high and doesn't form another valid pattern before then
Target 1 hit. Stops are moved to breakeven