Get started
joelduque

2018Dec06 CADCHF D1 Possible Bullish Bat

Long
Canadian Dollar/Swiss Franc (FX:CADCHF)  
joelduque  
FX:CADCHF   Canadian Dollar/Swiss Franc
Harmonic Patterns Bat Fibonacci
0
1
harmonicpatterns batpattern fibonacci
CADCHF has been on a strong downtrend and is near formation of a bullish bat. This is in confluence with a trendline support. There is an RSI bullish divergence. Upon pattern completion and confirmation of the bullish bias, I will go long. Stop loss is just below the X point. The take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. Tentative details are as follows:

Trade Setup: Possible Bullish Bat
Price Entry 0.73616
SL 0.73105 | SL pips 51.1
TP2 0.75831 | TP2 pips 221.5
RRR2 4.33
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.