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yitiancai
Nov 30, 2017 4:27 AM

prepare to short USD/CAD: bearish bat Short

U.S. Dollar/Canadian DollarFXCM

Description

*
Hello, I found a bearish bat on USD/CAD, I have post the same idea before, but the pattern changed a little. For this bat, XA start from 1.29138,end with1.26632. B(1.28189) is 61.8% fio retracement of XA, C (1.26781) is near 88.6% of AB.
*Here, 88.6% retracement of XA and 1.618 times of BC constitute the potential reverse zone.

*Short it with stop loss around 1.29318 and target at 1.28143.

*If the pattern in CAD/JPY and USD/JPY come ture, CAD wil become more bullish


*good luck!

Trade closed: target reached

thanks
Comments
jose
nice catch
congratulation
Kimsy1980
nice one ;-)
yitiancai
@Kimsy1980, wait for your first post
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