A BAT and price reversal Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ 21 sept. 2017 12:02

Soon the USDCAD will hit the price reversal zone

we have a clear Bearing Harmonic formation as seen as the bat on chart
Entry will be Fib.1 around 1.23800
TP1 in Fib 38.1
TP2 in Fib 61,8

Close half the position when we hit Fib 38,1, set stopp loss at min. breakeven.
Close whole position in TP2

Commentaire

⋅ 22 sept. 2017 12:37

News 22-09-17 - really bad for this trade stop loss moved to breakeven and it hit, aften been in 100 CAD profit.
Sad, but will follow setup
14:30 CAD Core CPI (MoM) (Aug) 0.0% -0.1%
14:30 CAD Core CPI (YoY) (Aug) 0.9% 0.9%
14:30 CAD Core Retail Sales (MoM) (Jul) 0.2% 0.4% 0.4%
14:30 CAD CPI (MoM) (Aug) 0.1% 0.2% 0.0%
14:30 CAD CPI (YoY) (Aug) 1.4% 1.5% 1.2%
14:30 CAD Retail Sales (MoM) (Jul) 0.4% 0.1% 0.1%

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