USDCAD - Alternate Bat completion

The alternate bat pattern is a pattern I rarely spot.

This setup on USDCAD is great in a few ways.

1. Trending (Downtrend)
2. VSA principles pointing at further downside

At the PRZ of this alternate bat pattern, there was a double top yesterday.

At the 2nd top, there was a decent increase in vol with no further increase in price.

This is a classic short setup.

I have opened short at 1.2540.

SL: 1.2620 (80)
TP: 1.2370 (170)

Yorum:

+85 pips for now.

Target at 1.2370.

Yorum:

Shifting my SL to 1.2450 to protect 90 pips of profit.