There is a possible bearish bat for USDCAD. Upon D completion at 1.35959 (88.6 of XA) and confirmation of the bearish bias, I will go short. Stop loss is just above point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative details are as follows:
Trade Setup: Possible Bearish Bat
Price Entry 1.35959
SL 1.37984 | SL pips 202.5
TP1 1.30097 | TP1 pips 586.2
TP2 1.26475 | TP2 pips 948.4
TP3 1.20613 | TP3 pips 1534.6
RRR1 2.89 | RRR2 4.68 | RRR3 7.58
Trade Setup: Possible Bearish Bat
Price Entry 1.35959
SL 1.37984 | SL pips 202.5
TP1 1.30097 | TP1 pips 586.2
TP2 1.26475 | TP2 pips 948.4
TP3 1.20613 | TP3 pips 1534.6
RRR1 2.89 | RRR2 4.68 | RRR3 7.58