2018Jun14 NZDCAD H1 Possible Bearish Bat

There is a possible bearish bat for NZDCAD. Upon D completion at 0.91597 (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 0.91597
SL 0.91716 | SL pips 11.9
TP1 0.91362 | TP1 pips 23.5
TP2 0.91217 | TP2 pips 38.0
TP3 0.90982 | TP3 pips 61.5
RRR1 1.97 | RRR2 3.19 | RRR3 5.17

Ordem cancelada:

This setup is invalidated with a candlestick closing above 0.91597 (88.6 of XA). (June 15)