Hello traders, have a trade setup on the usdcad pair. Here we have a potential bat pattern forming its cd leg at the 50 percent retracement. The entry is right at a previous structure level. We also have a trendline which might have been broken and the breakout can be traded. Two ways to take this trade
First is the aggressive matter the one that i will personally use, Enter the trade right now with stops above the previous high.Second way could be to wait for the confirmation of the breakout and then enter the trade
We also have a trendline as well as a 0.618 level fib confluence in the area
First is the aggressive matter the one that i will personally use, Enter the trade right now with stops above the previous high.Second way could be to wait for the confirmation of the breakout and then enter the trade
We also have a trendline as well as a 0.618 level fib confluence in the area