AUDCAD Bearish BAT Pattern Formation at market

FX:AUDCAD   Australian Dollar/Canadian Dollar
756 9 25
Short AUDCAD             in my favourite Consolidation pair.
Looking for initial targets at the 382 retracement and target 2 at the 618 retracement of A to D
Comment: Target 2 hit 46 pips
suppper :D
+1 Reply
I drew the B Leg incorrectly. It is a BAT but the B Leg is at 9914. Nice trade
Been spotting this one this morning as well. Just been filled :)
+1 Reply
Love this pair too but you got a 50% retracement? I dont get one looking at X@0.99607 but if I go to the 15 M chart I get the 50% retracement w/ X@0.99457; but I wouldnt draw that as my impulse leg
+1 Reply
izogawa_trading izogawa_trading
Nevermind I think the drawing is just a little off; good spot
+1 Reply
postborg izogawa_trading
No I think you are right.
The 50% is not hit on either the 15 or 60 min if you are using Tradingview and using the bars that Jason do.
It might be different when using Ninja Trader as Jason do.
+1 Reply
There was a second push which isnt visible on the 15M; nevertheless, didnt get filled and it retraced to the 38% so the trade is void in my books. Congrats to anyone that took it
+1 Reply
J_Graystone izogawa_trading
You got it
J_Graystone izogawa_trading
Hi The 50% was on a different leg. I just drew it incorrectly.
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