Hi Guys,
Here we have a valid Bearish Bat on the GBPCAD Four Hour. Price is currently heading to 'D' point in a parallel channel. When it reaches, there is an excellent 1:2 risk to reward opportunity.
In the meantime, price has broken all resistance levels in the current price swing, it is consistently performing in the upward channel. Therefore, once it touches the upward trend-line, providing it doesn't breakout I will be looking at long position.
Do let me know of any thoughts or feedback.
Thank You!
V
Here we have a valid Bearish Bat on the GBPCAD Four Hour. Price is currently heading to 'D' point in a parallel channel. When it reaches, there is an excellent 1:2 risk to reward opportunity.
In the meantime, price has broken all resistance levels in the current price swing, it is consistently performing in the upward channel. Therefore, once it touches the upward trend-line, providing it doesn't breakout I will be looking at long position.
Do let me know of any thoughts or feedback.
Thank You!
V
