USD/CAD - Bearish Bat Short

USD/CADOANDA

Description

⋅ Nov 28, 2017 3:31 PM

What's up everyone, today we have a short term opportunity on USD/CAD with a bearish bat pattern on the 15m chart.

Excellent opportunity with over 1:2 risk to reward.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

The ratio alignment for this setup is spot on, almost perfect.

I hope you all have a great week!

Comments

ccjt_o

⋅ Dec 8, 2017 11:38 PM

Ah,I was analysing this one earlier but had my d point in the wrong position.Could not figure it out! It's good to know I'm finding the patterns though! Haha

LewisGlasgow

⋅ Dec 8, 2017 11:42 PM

@ccjt_o, not you're on the right track ;) haha this one actually turned out to be a shark pattern, not sure if you've learned this yet.

FunTrade

⋅ Nov 29, 2017 1:39 PM

Excellent paddock crowds to SL
SL has been reached, bravo!

LewisGlasgow

⋅ Nov 29, 2017 1:58 PM

@FunTrade, that's part of the business my friend :)

FunTrade

⋅ Nov 29, 2017 6:25 PM

@LewisGlasgow, I clearly understood what you meant, thanks.

alexandretainmont

⋅ Nov 28, 2017 8:43 PM

enclenché à 1.27176 pr moi merci

gtomi001

⋅ Nov 28, 2017 4:23 PM

Open at 1.28185?

LewisGlasgow

⋅ Nov 28, 2017 5:15 PM

@gtomi001, yes sir

gtomi001

⋅ Nov 28, 2017 5:23 PM

@LewisGlasgow, Thank you Sir

Nasman1

⋅ Nov 28, 2017 3:53 PM

Thanks Boss