CAD/JPY - Bearish Bat
Hi everyone!
CAD/JPY is forming a bearish bat pattern on the H4 chart.
Conditions for a valid bat pattern are:
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!
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!
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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.
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.