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UnknownUnicorn180388
Nov 25, 2016 12:50 PM

USD.CAD - Bearish Bat & Cypher Setup - 1.3507 & 1.3517 Short

FX:USDCAD15
U.S. Dollar/Canadian DollarFXCM

Description

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On the USD.CAD 15min chart we 2 potential trade opportunity's at the D leg completion of Bearish Cypher & Bat setup.

Bearish Bat Setup ( Blue ) - D leg completion 1.3507
Target 1 - 1.3486
Target 2 - 1.3473

Bearish Cypher Setup ( Grey ) - D leg completion 1.3517
Target 1 - 1.3493
Target 2 - 1.3477

Comment

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USD.CAD - D leg now complete at 1.3517

Trade active

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Trade closed: target reached

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Comment

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A minor pullback to 1.3456 is expected.
ukforexsignalsSELLshortBearish PatternsHarmonic PatternsUSDCADusdcadshortxabcd
Comments
PA-FX
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The king of harmonics! :)
UnknownUnicorn180388
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@abozahra, lol Thanks very much!
Have a great weekend.
PA-FX
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@tomhall, You too! :)
IamSteven
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See a break down and going south on USDCAD
UnknownUnicorn180388
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@FxRussian, I believe we will see a minor bit of consolidation prior to another break lower.
We will have to see what setups the market give us.
IamSteven
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@tomhall, check out my DXY chart... its a good chance... with NFP coming up on friday.... but i know you dont trade fundamentals
UnknownUnicorn180388
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@FxRussian, If you post it below for me mate i will take a look.
IamSteven
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@tomhall,
This, check it out !
UnknownUnicorn180388
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@FxRussian, Nice setup mate, including the bearish divergence.
IamSteven
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@tomhall, something to look at before trading the dollar, and thank you Tom!
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