mjchase

GBPCAD Bullish bat harmonic pattern ( 4 H )

Long
mjchase Updated   
FX:GBPCAD   British Pound / Canadian Dollar
Here we potentially have the making of a bullish bat pattern.

This pattern utilises a very small stop loss with the following criteria displayed on the chart.

The B retracement point can be seen at 0.5 XA.

Entry point being 88.6 % XA

Stop loss 100% XA

BC projection 224%

Also denoted on the chart close to entry is a 1.27AB=CD.

Would like to see price break this levels in one clean bearish move.
Trade closed: target reached:
Trade Closed target exceeded
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