AUDCAD waiting for completion of a bearish Bat Pattern Short

Australian Dollar/Canadian DollarFXCM

Description

⋅ Nov 13, 2015 7:39 PM

Wait for a candlestick formation at point D

SL above X

Potential TPs:

- 38,2% (for those who want to TP really safe)
- 61,8% Fibo of AD
- 113% Fibo of AD (wave length equal to XA move + support)
- 161,8% Fibo confirmed by support

Trend trading.