I'm calling this a "Messy Bearish Butterfly" because B isn't quite at 0.786, but when we hit the 1.27 extension there's a good chance that there will be a pullback based on RSI.
That being said, I'd only expect the pullback to hit the 0.886 because the Euro is stronger than the Canadian Dollar.
I'm going to try out this bearish butterfly with a tight stop at 20 pips above the 1.27 1.2367 and a target just short of the .886 at 1.4249:
SELL @ 1.4347
BUY @ 1.4367 (SL)
BUY @ 1.4249 (SL)
-----------------------------
Risk: 20 pips
Reward: 98 pips
That being said, I'd only expect the pullback to hit the 0.886 because the Euro is stronger than the Canadian Dollar.
I'm going to try out this bearish butterfly with a tight stop at 20 pips above the 1.27 1.2367 and a target just short of the .886 at 1.4249:
SELL @ 1.4347
BUY @ 1.4367 (SL)
BUY @ 1.4249 (SL)
-----------------------------
Risk: 20 pips
Reward: 98 pips