Canadian Dollar / Japanese YenEducation
An example of a perfect trade
CAD/JPY
Bearish position rewarded our team heavily
Technical confluence is key
The reasons that we took this trade
- Previous Structure
-Price came in to 0.618 Fibonacci retracement levels
-A bearish bat formation completed at the same area
- An ABCD Pattern completed at the same area
After the price hit this level, it immediately became Bearish and our profit targets were hit.
Bearish position rewarded our team heavily
Technical confluence is key
The reasons that we took this trade
- Previous Structure
-Price came in to 0.618 Fibonacci retracement levels
-A bearish bat formation completed at the same area
- An ABCD Pattern completed at the same area
After the price hit this level, it immediately became Bearish and our profit targets were hit.
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