EUR.CAD - BEARISH BAT SETUP - 1.4031
Updated
On the EUR.CAD 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.4031 & 1.4053
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.3882
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.3963
Target 2 - 1.3920
The price reversal zone on this pair is between 1.4031 & 1.4053
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.3882
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.3963
Target 2 - 1.3920
Note
Have a great weekend traders.Note
This setup is still valid and something to consider into early next week.Note
A breakout has occurred so a potential D leg completion in the coming days.
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.