Hi Guys,
Here we have the CADCHF on the Weekly Chart.
If you took my previous Bullish Bat Long opportunity you should be around 200pips in profit. Now, it's time to get out! Although in accordance with the Bullish Bat there are potentially more pips to be taken, I am taking what I have and below is detailed why:
* Strong daily downtrend has formed and we are about to test it again
* Currently struggling to break a weekly support level
* Respected our uptrend and follow the bat perfectly. The last time it did this there was a huge retracement.
I am taking the 200pips and will be watching closely in the coming weeks for a potential short (may not meet my risk to reward criteria) and then another long. I will keep you updated.
Do let me know of any questions.
Thank You!
Victoria
Here we have the CADCHF on the Weekly Chart.
If you took my previous Bullish Bat Long opportunity you should be around 200pips in profit. Now, it's time to get out! Although in accordance with the Bullish Bat there are potentially more pips to be taken, I am taking what I have and below is detailed why:
* Strong daily downtrend has formed and we are about to test it again
* Currently struggling to break a weekly support level
* Respected our uptrend and follow the bat perfectly. The last time it did this there was a huge retracement.
I am taking the 200pips and will be watching closely in the coming weeks for a potential short (may not meet my risk to reward criteria) and then another long. I will keep you updated.
Do let me know of any questions.
Thank You!
Victoria
