EURCAD M15 Bearish Bat Pattern

Bearish Bat Pattern On EURCAD M15 Chart.

• B point at 0.500 retracement of XA.
• C point at 0.707 retracement of AB.

PRZ Zone :

• 0.886XA at 1.3961.
• 1.618AB=CD at 1.3963.
• 2.24BC at 1.3956.

The convergence of all fibonacci retracement in the PRZ zone at 1.3960 area give a strong probability of a reversal from predominant uptrend in 15min chart.PRZ zone also had been supported by two supply zone at 1.3945-1.3955 and  1.3960-1.3975.

Trade Details :
Entry : 1.3958
SL     : 1.3985 (27 pips)
TP 1  : 1.3915 (43 pips)
TP 2  : 1.3885 (73 pips)

EURCAD manage to reverse until demand zone at 1.3920-1.3930 before bounce back to PRZ zone.My position had been stopout at 1.3985 with -27 pips loss.
However i had short again for this pair at 1.3962.
The reason i reenter a position after SL been hit in this pair is i believe this is a alternate bat pattern. As for alternate bat pattern to be valid, B point must be at 0.382XA. In this case, B point is 9 pips above 0.382XA.In alternate bat pattern price action will reach beyond 0.886XA to 1.13XA but must not exceed 1.13XA. Normally price action will not test 1.13XA.

Trade Details :
Entry : 1.3962
SL     : 1.4005 (43 pips)
BE    : 1.3930
TP    : 1.3880 (125 pips)

I will not scaling into exit in this trade. However SL will be moves to breakeven once price action reach 1.3930.

Stopout at breakeven (1.3962).

Total : -27 pips loss.