EUR.CAD - x2 Bullish Bat Setups @ 1.3868 Long

Euro Fx/Canadian DollarFXCM

Description

⋅ Jan 17, 2017 9:08 AM

On the EUR.CAD 1hr chart we have 2 potential trade opportunity's at the D leg completion of bullish Bat setups.

Bullish Bat Setup ( White ) - D leg completion 1.3868
Target 1 - 1.3929
Target 2 - 1.3963

Bullish Bat Setup ( Blue ) - D leg completion 1.3868
Target 1 - 1.3929
Target 2 - 1.3963

Comment

⋅ Jan 17, 2017 5:53 PM

Order cancelled

⋅ Jan 18, 2017 11:07 PM

Comments

riffster21

⋅ Jan 17, 2017 9:49 AM

I think your prediction is more valid than my earlier guess. We'll get the bounce later than I thought ;)

UnknownUnicorn180388

⋅ Jan 17, 2017 10:00 AM

@riffster21, Nice chart mate, we will have to see how it all plays out.

taksistalo

⋅ Jan 18, 2017 2:57 AM

Hey Tom, thanks for sharing, hope you don't mind me sharing here my though =)

We might have butterfly here before moving down =) Lets see what brake out will look like.

UnknownUnicorn180388

⋅ Jan 18, 2017 3:12 AM

@taksistalo, Hi,
No problem at all :-)

Personally I don't trade the butterfly so it's not something I would execute, however it's all certainly possible.

taksistalo

⋅ Jan 18, 2017 3:22 AM

@tomhall, I love double pattern set ups and appreciate posting them =) Plus I love to take the ideas from pros and work around them. That additional factor can be very helpful, adds more clearance or more puzzle to the price action. However, if you have own set of rules doesn't matter which set up you are looking at, first it needs to meet them =)

UnknownUnicorn180388

⋅ Jan 18, 2017 6:48 AM

@taksistalo, 100% agree, always stick to your rules and the added confluence is an added bonus.

LuckySeb

⋅ Jan 17, 2017 9:13 AM

I see no strong trend, will definitely trade this setup.
Thank you!