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DennySantoso
Jul 11, 2014 3:39 AM
Bullish Bat Pattern on 1H USDCAD
Long
FX:USDCAD
60
U.S. Dollar/Canadian Dollar
FXCM
Description
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Jul 11, 2014 3:39 AM
Bullish Bat Pattern on 1H USDCAD, with oversold RSI, Target at 1.0658 (38.2 Fib Retracement) with Stop Loss at 1.0622 (113 Fib Extension)
Comments
mustard
⋅
Jul 11, 2014 10:01 AM
I am watching a potential bullish Butterfly pattern, same XA leg as you have shown, but AB leg finishing at the July 9 low.
BC leg is the 0.618 retracement of AB and CD leg would finish at the 1.272 extension of XA, at 1.0613.
Ultimately I am looking at further downside and a possible AB=CD completion on the daily chart at around 1.0495.
More
BC leg is the 0.618 retracement of AB and CD leg would finish at the 1.272 extension of XA, at 1.0613.
Ultimately I am looking at further downside and a possible AB=CD completion on the daily chart at around 1.0495.