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

Order avbruten:

This setup is invalidated with a candlestick closing above point A. (June 15)