USDCAD H1 Bear Butterfly

Big time frame downtrend, for those who missed the weekly Bear Bat on my previous post, this is a potential retry point.

Entry: 1.3370
SL: 1.3407 (-37pips)
TP1: 1.3301 (+69pips)
TP2: 1.3254 (+116pips)

To consider extended target based on my analysis on the weekly chart:

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Commentaire:

Miss entry by a few pips.

Will remove my pending order and observe if there is a second entry at this price level.

Transaction en cours:

Trade engaged:
Entry: 1.3370
SL: 1.3407 (-37pips)
TP1: 1.3301 (+69pips)
TP2: 1.3254 (+116pips)

Watching out for price to break and close below 1.3306 for potential big move down for extended targets.

Trade fermée: cible de profit atteinte:

Reached TP2, +116pips.
I’m still holding on to some short positions for this pair based on the weekly Bat Pattern.