USD/CAD - Bearish Bat (Review)
Harmonic patterns are a very precise way to trade the forex market, if executed correctly. Here is one of my more recent trades USD/CAD on the 4h chart which was sent out to all of my students at Six Figure Capital! To start off the measurements for a valid bat pattern are detailed below:
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The outcome was absolutely perfect, we almost matched up to the pip on this trade and price took a sharp turn into profit. To all of you who do not trade harmonic patterns it is simply a combination of patterns and maths :)
Do you want more trading inspiration? Grab your free copy of '7 Proven Steps to Becoming a Successful Forex Trader' here: www.sixfigurecapital.com
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886
The outcome was absolutely perfect, we almost matched up to the pip on this trade and price took a sharp turn into profit. To all of you who do not trade harmonic patterns it is simply a combination of patterns and maths :)
Do you want more trading inspiration? Grab your free copy of '7 Proven Steps to Becoming a Successful Forex Trader' here: www.sixfigurecapital.com
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