There is a possible bearish bat for CADCHF. Upon D completion at 0.76658 (88.6 of XA) and confirmation of the bearish bias, I will go short. Stop loss is just above 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 Bearish Bat
Price Entry 0.76658
SL 0.76878 | SL pips 22.0
TP1 0.76153 | TP1 pips 50.5
TP2 0.75840 | TP2 pips 81.8
TP3 0.75335 | TP3 pips 132.3
RRR1 2.30 | RRR2 3.72 | RRR3 6.01
Trade Setup: Possible Bearish Bat
Price Entry 0.76658
SL 0.76878 | SL pips 22.0
TP1 0.76153 | TP1 pips 50.5
TP2 0.75840 | TP2 pips 81.8
TP3 0.75335 | TP3 pips 132.3
RRR1 2.30 | RRR2 3.72 | RRR3 6.01
Order cancelled:
This setup is invalidated with a new swing low.