2018May18 USDCAD M30 Bearish Bat
There is a bearish bat for USDCAD. Bearish bias is confirmed by a green shooting star at the potential reversal zone and the lack of a candle close higher than the upper wick of the shooting star. Price entry at 1.28926 is guided by a red candlestick closing lower than the previous one. Stop loss is placed just above point X while the take profit targets are set at the 32.8 and 61.8 Fibonacci retracement of leg AD and point A.
Trade Setup: Bearish Bat
Price Entry 1.28926
SL 1.29295 | SL pips 36.9
TP1 1.28495 | TP1 pips 43.1
TP2 1.28114 | TP2 pips 81.2
TP3 1.27496 | TP3 pips 143.0
RRR1 1.17 | RRR2 2.20 | RRR3 3.88
Status/Remarks: TP1, TP2, & TP3 hit! :)
Trade Setup: Bearish Bat
Price Entry 1.28926
SL 1.29295 | SL pips 36.9
TP1 1.28495 | TP1 pips 43.1
TP2 1.28114 | TP2 pips 81.2
TP3 1.27496 | TP3 pips 143.0
RRR1 1.17 | RRR2 2.20 | RRR3 3.88
Status/Remarks: TP1, TP2, & TP3 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.