CADJPY - Bearish Bats x2! - Daily
Hi Guys,
Here we have two Bearish Bats on the CADJPY Daily.
Bat One: With yesterdays news for CAD, price spiked to reach 'D' point and rejected 'X' point perfectly. I am not short on this with a target of 200+ pips and 1:2 Risk to Reward.
Bat Two: Price completed, (I missed first entry) rejected 'X' point and hit first TP. There is now a Type 2 entry for this bat meaning it has retraced to original entry and we can now enter again. I also have on this with potential of 500 pips. 1:5 risk to reward.
This is a slow moving and volatile pair so I will be protecting my profits throughout.
Let me know of any thoughts or questions.
Thank You
Victoria
If you want to learn how to trade patterns like this I highly recommend my mentor LewisGlasgow - sixfigurecapital.com
Here we have two Bearish Bats on the CADJPY Daily.
Bat One: With yesterdays news for CAD, price spiked to reach 'D' point and rejected 'X' point perfectly. I am not short on this with a target of 200+ pips and 1:2 Risk to Reward.
Bat Two: Price completed, (I missed first entry) rejected 'X' point and hit first TP. There is now a Type 2 entry for this bat meaning it has retraced to original entry and we can now enter again. I also have on this with potential of 500 pips. 1:5 risk to reward.
This is a slow moving and volatile pair so I will be protecting my profits throughout.
Let me know of any thoughts or questions.
Thank You
Victoria
If you want to learn how to trade patterns like this I highly recommend my mentor LewisGlasgow - sixfigurecapital.com
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.