On the USDCAD 4H timeframe we have a potential bearish bat pattern taking shape. My reversal zone is between 1.34290 and 1.34550. Entry: 1.34483 Target 1: 1.33700 Target 2: 1.33150
Hi, once stop reached. Do you Re-enter this pair at right time or you will not trade this pair for few days? Saw that after u stop out, it goes down.
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@CyTan, I will just wait for a new setup. To use harmonic patterns successfully, you have to follow the rules of engagement. So in this case the pattern was invalid because price went beyond A.