2018Nov19 AUDCAD D1 Bearish Bat
AUDCAD has been on a strong uptrend and completed a bearish bat. There is an RSI bearish divergence on H4 timeframe. Upon confirmation of the bearish bias, I will go short. Stop loss is just above the X point while the take profit target is set at the 38.2 Fibonacci retracement level of the AD leg. Trade details are as follows:
Trade Setup: Bearish Bat
Price Entry 0.96381
SL 0.97117 | SL pips 73.6
TP1 0.94408 | TP1 pips 197.3
RRR1 2.68
Trade Setup: Bearish Bat
Price Entry 0.96381
SL 0.97117 | SL pips 73.6
TP1 0.94408 | TP1 pips 197.3
RRR1 2.68
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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.