Bullish Bat Cad Franc
The Cad is proving to be rather bullish heading into this week- here we have a bat bouncing along a pivot line. Price has already began to stall out at the D point and I have taken a long position. TP will be at 0.618; I will move my stop to break even once price hits the 0.382 level. I do not use indicators when deciding wether or not to take a trade, but an oversold RSI never goes a miss!
Bat Ratios
B: 0.382-0.5
C: 0.382-0.886
D: 1.618-2.618
xD: 0.886
Bat Ratios
B: 0.382-0.5
C: 0.382-0.886
D: 1.618-2.618
xD: 0.886
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