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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!
Here we have a perfect bearish bat pattern forming on the H1 chart.

Conditions for a valid bat pattern are provided:

  • 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!
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