There is a possible bearish bat for USDCAD. D completion is at 1.29670 which is the 88.6 Fibonacci retracement of leg XA. Upon confirmation, I plan to short the currency pair. Stop loss is just above point X while the take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. If this setup remains valid and is completed, then I will post the specifics. Tentative details are as follows:
Trade Setup: Possible Bearish Bat
Price Entry 1.29670
SL 1.30026 | SL pips 35.6
TP1 1.28760| TP1 pips 91.0
TP2 1.28199 | TP2 pips 147.1
TP3 1.27289 | TP3 pips 238.1
RRR1 2.56 | RRR2 4.13 | RRR3 6.69
Trade Setup: Possible Bearish Bat
Price Entry 1.29670
SL 1.30026 | SL pips 35.6
TP1 1.28760| TP1 pips 91.0
TP2 1.28199 | TP2 pips 147.1
TP3 1.27289 | TP3 pips 238.1
RRR1 2.56 | RRR2 4.13 | RRR3 6.69
Trading ditutup: stop tercapai:
SL hit! (May 28)