2018Nov06 USDCAD H4 Possible Bearish Bat

USDCAD has been on a downtrend and is currently around the trendline resistance. A bearish cypher has completed and there is also a possible bearish bat. Upon confirmation of the bearish bias at the potential reversal zone, I will go short. Stop loss is just above the bearish bat X point. The take profit target is set at the 61.8 Fibonacci retracement level of the bearish cypher CD leg. Tentative details are as follows:

Trade Setup: Possible Bearish Bat
Price Entry 1.31563
SL 1.32016 | SL pips 45.3
TP2 1.29305 | TP2 pips 225.8
RRR2 4.98