2018Nov19 EURCAD H4 Bearish Bat
EURCAD has been on a recent uptrend. It has completed a bearish bat around a trendline resistance. So far, price has been successfully rejected at the potential reversal zone. Also, an RSI bearish divergence is seen at H1 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 D completion of a bullish cypher. More conservative take profit targets are shown as well. Trade details are as follows:
Trade Setup: Bearish Bat
Price Entry 1.50262
SL 1.50543 | SL pips 28.1
TP3 1.48892 | TP3 pips 137.0
RRR3 4.88
Trade Setup: Bearish Bat
Price Entry 1.50262
SL 1.50543 | SL pips 28.1
TP3 1.48892 | TP3 pips 137.0
RRR3 4.88
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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.