EUR.CAD - Short Opportunity @ 1.5109
Updated
On the EUR.CAD Daily 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 1.5109 & 1.5278
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 1.4000
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.4595
Target 2 - 1.4282
The price reversal zone on this pair is between 1.5109 & 1.5278
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 1.4000
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.4595
Target 2 - 1.4282
Note
Technical multi-timeframe analysis.
Note
price quickly approaching D leg completion, something to monitor into this week.Note
D leg completion at 1.5109
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