USDCAD - Completed Bullish Bat

The pair completed a bullish Bat pattern approximately 12 hours ago.
I am now looking at the falling wedge pattern + bullish divergence for a potential long trade
Would like to see price go above 1.2460

If you take this trade, stops should be below the 1.2420 levels

Dagangan aktif:

Entered trade at the break of 1.2460. Now price still about there.
Shifted stops to slightly below the falling wedge

Do I see a bull flag in the making ?

Dagangan aktif:

I only saw this bearish pattern now, could/should have taken profits on the long trade earlier. Anyways, rice is at critical level again, if next week the TL support holds, then I'll stick to the long trade. If breaks below the support, I'll look to cut the trade.

Dagangan aktif:

Price bounce up again at the open of the new trading week. I have stretched my targets to 1.2650. New hints I see in the chart
1. Price bounced off the bottom of the channel
2. RSI on the H4 is still going up
3. Check out DXY, starting a new trend up ? 94.10 is critical

Dagangan aktif:

We are at the recent highs of 1.2550 again. Need to clear this hurdle to go higher

Dagangan aktif:

Still could not clear the 1.2550 level, forming a reversal candle on H1
Shifted my SL to 1.2525 locking in a min of +65pips profit

Dagangan ditutup: hentian tercapai:

Broke above the 1.2550 but could not sustain the momentum. Hit my protective SL and out with +65pips profit