There is a possible bearish bat for USDCAD. Upon D completion at 1.30409 (88.6 of XA) and confirmation of a bearish bias, I will go short. Stop loss is just above point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative details are as follows:
Trade Setup: Possible Bearish Bat
Price Entry 1.30409
SL 1.30518 | SL pips 10.9
TP1 1.30233 | TP1 pips 17.6
TP2 1.30124 | TP2 pips 28.5
TP3 1.29948 | TP3 pips 46.1
RRR1 1.61 | RRR2 2.61 | RRR3 4.23
Trade Setup: Possible Bearish Bat
Price Entry 1.30409
SL 1.30518 | SL pips 10.9
TP1 1.30233 | TP1 pips 17.6
TP2 1.30124 | TP2 pips 28.5
TP3 1.29948 | TP3 pips 46.1
RRR1 1.61 | RRR2 2.61 | RRR3 4.23
تعليق:
The setup is canceled as D completion did not happen.