2018Apr18 USDCAD H4 Bullish Bat
There is a bullish bat, a trend continuation pattern, for USDCAD. Price entry at 1.25705 is based on a candle break and close above the resistance of the downward channel. Stop loss is just below the X point while take profit levels are based on the 38.2 and 61.8 Fibonacci retracement of AD leg and A point.
Trade Setup: Bullish Bat
Price Entry 1.25705
SL 1.24452 | SL pips 125.3
TP1 1.27555 | TP1 pips 185.0
TP2 1.28964 | TP2 pips 325.9
TP3 1.31246 | TP3 pips 554.1
RRR1 1.48 | RRR2 2.60 | RRR3 4.42
Status/Remarks: TP1 & TP2 hit!
Trade Setup: Bullish Bat
Price Entry 1.25705
SL 1.24452 | SL pips 125.3
TP1 1.27555 | TP1 pips 185.0
TP2 1.28964 | TP2 pips 325.9
TP3 1.31246 | TP3 pips 554.1
RRR1 1.48 | RRR2 2.60 | RRR3 4.42
Status/Remarks: TP1 & TP2 hit!
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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.