2018May18 AUDCAD H1 Bearish Bat
There is a bearish bat for AUDCAD. Price entry at 0.96771 is based on a red candlestick closing lower than the body of the red pin bar before it. Thus, I am putting a sell limit at that price. Stop loss is placed just above point X while take profit levels are set at the 38.6 and 61.8 Fibonacci retracement of leg AD and point A. I plan to manually cancel this pending order if price goes to TP1 before getting triggered.
Trade Setup: Bearish Bat
Price Entry 0.96771
SL 0.97118 | SL pips 34.7
TP1 0.96377 | TP1 pips 39.4
TP2 0.96057 | TP2 pips 71.4
TP3 0.95541 | TP3 pips 123.0
RRR1 1.14 | RRR2 2.06 | RRR3 3.54
Trade Setup: Bearish Bat
Price Entry 0.96771
SL 0.97118 | SL pips 34.7
TP1 0.96377 | TP1 pips 39.4
TP2 0.96057 | TP2 pips 71.4
TP3 0.95541 | TP3 pips 123.0
RRR1 1.14 | RRR2 2.06 | RRR3 3.54
Trade closed: stop reached
SL hit! (May 21)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.