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11021992
Aug 28, 2016 10:13 AM

USDCAD bearish bat pattern Short

U.S. Dollar/Canadian DollarFXCM

Description

Hi traders,

On the USDCAD daily chart I'm looking to enter short at the completion of the bat pattern that has started taking shape. The completion, and therefore the entry, is at point D. Stop goes above the X. Target is based on previous structure.
Entry: 1.31987
Stop: 1.33066
Target: 1.30323 = R:RR 1.54

Good luck! Updates will follow.

Comment

Pattern remains valid.

Trade active

Trade closed: target reached

Comments
summer6
a nice job :)
11021992
Thanks! :) Good reversal.
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