2018Jun10 USDCAD D1 Possible Bullish Bat
There is a possible bullish bat for USDCAD. Upon D completion at 1.23472 (88.6 of XA) and confirmation of the bullish bias, I will go long. Stop loss is just below point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative details are as follows:
Trade Setup: Possible Bullish Bat
Price Entry 1.23472
SL 1.22422 | SL pips 105.0
TP1 1.26442 | TP1 pips 297.0
TP2 1.28276 | TP2 pips 480.4
TP3 1.31246 | TP3 pips 777.4
RRR1 2.83 | RRR2 4.58 | RRR3 7.40
Trade Setup: Possible Bullish Bat
Price Entry 1.23472
SL 1.22422 | SL pips 105.0
TP1 1.26442 | TP1 pips 297.0
TP2 1.28276 | TP2 pips 480.4
TP3 1.31246 | TP3 pips 777.4
RRR1 2.83 | RRR2 4.58 | RRR3 7.40
Order cancelled
This setup is invalidated with a candlestick closing above point A. (June 15)
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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.