Get started
enricomb

CAD/JPY - Bearish Bat

Short
Canadian Dollar / Japanese Yen (OANDA:CADJPY)  
enricomb  
OANDA:CADJPY   Canadian Dollar / Japanese Yen
CADJPY Bearish Patterns Bat pattern Harmonic Patterns trading
6
1
cadjpy bearish batpattern pattern harmonicpatterns trading
Hi everyone!

CAD/JPY is forming a bearish bat pattern on the H4 chart.

Conditions for a valid bat pattern are:
  • XB: 0.382 - 0.5
  • AC: 0.382 - 0.886
  • BD: 1.618 - 2.618
  • XD: 0.886

Take profits are set at 0.382 and 0.618 of AD.
At target 1 half position will be closed and stop loss moved to breakeven.

Good luck everyone!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.