EURCAD: Potential bullish bat pattern

FX:EURCAD   Euro / Canadian Dollar
257 7
Hi traders,

On the EURCAD we have a potential bullish bat pattern taking shape. The entry will we confluence area of the 200% Fibonacci extension of the ABA move and the 161.8% Fibonacci extension of the ABC move. A very strong reversal zone.
Entry: 1.38019
Stop: 1.37653
Target: 1.38808 = R:RR 2.16

Good luck!
Order cancelled: So close.
Why did you cancel? it was right on the money i entered and hit the profit.
11021992 SrikanthRaj
@SrikanthRaj, I cancelled it because I missed the entry by 1 pip (and the spread). Next time we will get to that low it will probably break. Glad you made some money on it :)
SrikanthRaj 11021992
@11021992, That's unfortunate.
SrikanthRaj SrikanthRaj
@SrikanthRaj, Do you think its still bullish?
11021992 SrikanthRaj
@SrikanthRaj, Looks like we have a bit of a flag forming, which would be an indication for bullish.
+1 Reply
Did you set a pending order for this trade?
11021992 MandarinOrange27
@MandarinOrange27, Yep, buy limit at 1.38019
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